đ„Breaking news! GameStop, an American game retailer, saw its stock price surge 74% on Monday, causing heavy losses to short sellers who shorted the stock, with losses of up to $838 million in one day! đ±The surge in stock prices appears to have been triggered by the internet celebrity Roaring Kitty, who encouraged retail investors to buy GameStop in large quantities in 2021, making Wall Street history. đ
According to data from the analysis firm S3 Partners, more than 24% of GameStop's free float is currently shorted. Since May alone, short sellers of GameStop have lost $1.24 billion. đ°Ihor Dusaniwsky, head of predictive analytics at S3 Partners, warned that new short sellers may enter the market at around $30 and they may experience a "bumpy and bloody" market. đš
In addition to GameStop, other meme stocks such as AMC and Reddit also surged on Monday, with AMC up 15% and Reddit up 9%. đAll this reminds us that the investment market is full of variables, risks and opportunities coexist! đȘ
