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The short squeeze on GME shocks market
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February 4, 2021July 12, 2022Big Grid - Home, Science & Tech

The short squeeze on GME shocks market

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GameStop Corp. (GME) made headlines last week after a wild week in the stock market. Shares rose 1,625% in the month of January to $325 per share. That parabolic rise intensified last week and hurt hedge funds like Melvin Capital, who had a large short position on GME.  Melvin lost 53% in January on their...