Movie News
How High GameStop’s Stock Price Got & What It Costs Now
GameStop’s stock price is the centerpiece of Dumb Money‘s story, and here is a breakdown of how high it got and what it costs now. The video game retail store is the subject of the 2023 movie thanks to Keith Gill’s belief that the stock was undervalued. The confidence of Paul Dano’s character and his online presence helped transform GameStop from a stock that was constantly being short-sold by hedge funds to one that retail investors on Reddit were buying up, creating a short squeeze. This piece of Dumb Money terminology refers to when a stock price exceeds the original short-sell price.
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