(STL.News) There has been a lot of interest in the stock market this week after investors from the Reddit message board managed to give shares in GameStop a huge boost.
Here’s a look back at the story so far, with an explanation of stocks, short-selling and what has been happening with GameStop.
GameStop is a public company that its stock trades on the NYSE (Ticker:GME) and is a component of the S&P 600. Based out of Grapevine, Texas, they are a retailer selling consumer electronics and gaming merchandise. Found in 1984 and today has a market cap of more than $6 billion.
Wikipedia page – short squeeze
YouTube video provided courtesy of BBC News