Shares of Gamestop Corp (GME) are trading 7% higher at a price of $125.85 at the time of this writing.

Gamestop Corp has been trading between a 52-week high of $255.69 and a 52-week low of $77.58. The stock has a market cap of $9.58 Billion.

Why GameStop Stock Is Rising Today

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Stocks Set to Continue Roll

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GameStop (GME) Stock News and Forecast: What to expect from the 4:1 stock split

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GameStop buzz lifts shares following stock split announcement

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GameStop rises as stock split lures retail investors By Reuters

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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse:

rowr - 96 upvotes - source
[Here, bottom of page 26.](https://i.imgur.com/vCJAPAJ.jpg). > Figure 6 shows that the run-up in GME stock price coincided with buying by those with short positions. However, it also shows that such buying was a small fraction of overall buy volume, and that GME share prices continued to be high after the direct effects of covering short positions would have waned

Past_Basket_2755 - 51 upvotes - source
Time to buy more gme?

cock-knuckle - 51 upvotes - source
Why spout such nonsense. You are a WSB member and DFV is the best of WSB. Likelihood of him selling his entire GME position is zero.

nailattack - 50 upvotes - source
So you’re telling me I shouldn’t sell my entire portfolio tomorrow morning and dump it in GME 150C expiring next week..? Hm, okay.

BenSemisch - 50 upvotes - source
My understanding is that the shorts have rented shares and then sold them - so they are no longer in possession of the shares, but are on the hook for returning them. A dividend is only paid to the people actually holding the shares. Ergo the people who leant their shares out will want them back so they can collect the dividend. *Allegedly* through some fuckery the shorts have borrowed more shares than actually exist and sold them again and again, meaning they are *allegedly* on the hook for more shares than actually exist. Even if there is a chunk of people willing to sell their shares, there just isn't enough for them to cover, demand goes up, price goes up. This is a short squeeze and what the GME apes have been banking on since January 2021.

layelaye419 - 41 upvotes - source
Guys instead of GME just go buy a Louis Vuitton if you want expensive bags

AyeWanDye - 40 upvotes - source
I love how much dichotomy GME causes. It’s fucking hilarious.

gaitlx22 - 40 upvotes - source
What do I do with my time? I make trades with asymmetric risk/reward outcomes based on an informational edge I have obtained via any number of possible sources. I size my bets based on idea conviction. I’m going to try to explain why you’ve invested into a lie in a different way. This stock dividend is the equivalent of breaking a dollar into four quarters. If you lent me a $1 bill and I turned around and exchanged it for four quarters, would it make sense for you to demand that I give you those four quarters back immediately so you can change the form of your loan to quarters instead of $1 bills? No, that would be silly - I owed you $1 before I got change and I still owe you $1 after. It’s the same premise with the party who lends shares to a short seller - but instead of the loan being measured in dollars, it’s measured in ownership percentage of GME (believe it or not, owning GME makes you a part owner of the business). The short seller is paying the lender interest on that loan. Why would the lender want to take possession of the same shares back (same quantity of equity ownership) and give up the interest that they would have received over the time period that the shares are not loaned out? Just because you’ve seen the same information repeated ad nauseum by other people who want to get rich quick doesn’t mean it’s actually true. Remember when the entire internet agreed BTC would hit $100k by end of 2021? You know how there are still a lot of people are convinced that trump won the 2020 election? A bit of wisdom from someone who has been highly successful in this brutal industry… there is no such thing as a “free lunch” on Wall Street. Truly good investments are never the ones that are agreed upon unanimously. Invest wisely.

Shieree - 38 upvotes - source
I'm just excited to shit on all the gme haters

j__walla - 37 upvotes - source
Gme has always had my attention