The GameStop Short Squeeze Saga: An In-Depth Timeline
A Notorious Chapter in Market History
In the annals of financial history, January 2021 stands as a pivotal moment, marked by the unprecedented short squeeze involving GameStop and other securities.
Timeline of the Historic Event
January 22, 2021: GameStop stock price soars, reaching a peak of $483.
January 23, 2021: Hedge funds face billions of dollars in losses as GameStop's short interest reaches record highs.
January 26, 2021: Robinhood restricts trading of GameStop and other "meme" stocks, triggering widespread outrage.
January 27, 2021: Redditors and other retail investors band together to support GameStop, pushing the stock price even higher.
January 28, 2021: GameStop stock price hits a record high of $483.
July 22, 2022: GameStop implements a 4-for-1 stock split, adjusting all share prices and metrics accordingly.
The GameStop short squeeze saga remains a complex and controversial episode, shaping the financial landscape and highlighting the power of retail investors.
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