BlackRock may have raked in $2.4 bln on GameStop's retail-driven stock frenzy
BlackRock Inc, the world’s largest asset manager, could have made gains of about $2.4 billion on its investment in GameStop Corp as retail investors pour money into the video-game retailer’s shares.
The asset manager owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020, a regulatory filing showed on Tuesday. Assuming no change in BlackRock’s position, the value of its stake would be worth $2.6 billion now, compared with $173.6 million as of December. GameStop’s stock has surged nearly 700% in the past two weeks in a rally fueled by interest from amateur investors on Reddit, forcing hedge funds to retreat from heavy losses and sparking calls for scrutiny of the social media-driven trading frenzy. Trading in the video-game retailer’s shares was halted for volatility nine times on Monday and five times on Tuesday.
https://www.reuters.com/article/blackrock-investment-gamestop/blackrock-may-have-raked-in-2-4-bln-on-gamestops-retail-driven-stock-frenzy-idUSL4N2K23QG
SEC is too busy watching Pron
prolly cause it's not "sexy" enough.
Put anything financial in front of most and they gloss over it and look to the "experts"
Gamestop Insider Sales
Gee if ya waited just a few days…..
Embrace the SUCKAGE
https://www.finviz.com/quote.ashx?t=GME
nope
Looks like it is heading to Atlantic City where 09-0015 just came from on a cert. flight