The well-documented battle on Wall Street between hedge fund investors, who backed the company’s share price to tank, and a number of smaller investors, who backed the company by buying shares and increasing its share price, was one of the big news stories of January and February 2021.Īdditional research by JP Morgan has since discovered that it may well have been institutional investors, allied to smaller investors, that played a part in Gamestop’s share price surging. Games retailer Gamestop has been much in the news recently. 2 “Transform Gamestop into a Technology Business”.
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