Invest
Unpopular Truth: Reddit Investors Are Not Saving GameStop
By The Good Investors  •  February 2, 2021
You’ve likely heard about the Gamestop Corp (NYSE: GME) saga. I didn’t want to write a post on it but I realised that there is one glaring misconception among Reddit investors that should be addressed. Many users within the Wallstreet Bets group in Reddit have mentioned that they want to save Gamestop from short sellers. It’s as if they believe that pumping up the share price of Gamestop will somehow save or help the company. I appreciate the noble thought, but the concept that driving a company’s share price higher will help it is not how stocks work. What’s really going on The stock price is simply the last traded price of the company’s stock. It is the amount that the latest buyer paid to purchase the stock from the previous stock owner. Buying and selling shares on the stock exchange does not in any way impact the underlying business fundamentals of the company....
Read the full article
By The Good Investors
We are Chong Ser Jing and Jeremy Chia, and we started The Good Investors in the aftermath of The Motley Fool Singapore’s closure in late 2019. We both have a passion for stock market investing and believe deeply in enriching society through our investing activities. One way we can do so is through investor-education. The Good Investors is our personal investing blog and will serve as a free platform for both of us to openly share our investing thoughts with you.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance