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Ask HN: How much money was invested into Gamestop over the last two weeks?
Gamestop is at a $16B market cap now. Up from less the $2B a month ago. I wonder how much money had to be invested into it to get it to that level.
Everyone says retail investors reading Reddit are such a force now that it can move the needle on a stock. But how much money does it actually need to move a needle from $2B to $16B? For all I know it could have been a single share that has been traded back and forth from one pocket to the other of a loner in Gelsenkirchen.
Anybody here with more insights on how to estimate the real amount of money that was invested?
- drinkzima 6y agoIt's traded it's entire float many times over in the past week: https://www.marketwatch.com/story/gamestops-stock-surge-is-making-it-one-of-the-most-traded-in-the-u-s-11611767301 https://www.marketwatch.com/story/gamestops-stock-surge-is-m...
- ArtTimeInvestor 6y agoThat could have been one loner trading a single share back and forth many times, couldn't it?