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Playlist push review reddit12/18/2023 ![]() The agency said it’s “working with our fellow regulators to assess the situation and review the activities” of investors in the market. The Securities and Exchange Commission said Wednesday that it’s noticed all the volatility in the market, though it did not name GameStop specifically. Powell downplayed the role of low interest rates and pointed to investors’ expectations for COVID-19 vaccines and more stimulus from Washington for the economy as drivers for record stock prices. ![]() Analysts at BofA Global Research raised their price target Wednesday - to $10.Īll the mania is raising some concern that investors are taking excessive risks, and reporters asked Federal Reserve Chair Jerome Powell on Wednesday whether the Fed’s moves to support markets through the pandemic is helping to push stock prices too high. ![]() The company is unlikely to start making big enough profits to justify its $22.2 billion market valuation anytime soon, analysts say. Much of professional Wall Street remains pessimistic that GameStop’s stock can hold onto its immense gains. As of Tuesday, short sellers of GameStop were already down more than $5 billion in 2021, according to S3 Partners. That accelerated the momentum even more, creating a feedback loop. (Raquel Zaldivar / Chicago Tribune)īeyond personal attacks, the battle has also created big financial losses for Wall Street players who shorted GameStop’s stock.Īs GameStop’s gains grew and short sellers scrambled to get out of their bets, they had to buy shares to do so. GamesStop stock has been soaring lately as part of a battle between major firms and small investors who follow Reddit. 9, 2020, to Timothy Jimenez, left, at a GameStop store in the Avondale neighborhood of Chicago. Employee Xavier Hayes, right, speaks on Nov.
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