4 ms·
> Who has the money to keep buying at $350 to propel the stock to $400 Delta hedging, potentially > But there's 55M shares trading at all time highs 55M is t
by lukeramsden 6y ago
> Who has the money to keep buying at $350 to propel the stock to $400
Delta hedging, potentially
> But there's 55M shares trading at all time highs
55M is the float but there's nowhere near that much actively available. Fidelity and Blackrock together own about 25M I think [0], along with other institutional investors as well as staff in stock incentives. Some of this will be liquidated as the price goes up but not all of it.
[0] https://news.gamestop.com/stock-information/institutional-ownership https://news.gamestop.com/stock-information/institutional-ow...