Can you explain the sudden rise in GameStop stock and how hedge funds are responding to it?

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Rachael A. Foster

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445 Questions answered
Answered on February 17th, 2021

Do you remember what happened with toilet paper last year. Everybody and their cousin stocked up on toilet paper so supplies were running out. And everyone knows when supplies are low prices go up. The same thing sort of thing happened with the game stop stock. A bunch of Reddit guys (no matter the motive) decided to artificially inflate the market by buying up the shares and because they had such a following it actually worked. 


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