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BlackRock has likely made $1.2 billion on GameStop as day traders buy the stock to stick it to Wall Street

1 month ago   |   By Business Insider

Summary List Placement
BlackRock has likely scored a 700% gain on GameStop this month, thanks to day traders boosting the stock.
The world's largest asset manager owned 9.2 million shares worth $174 million at the end of 2020.
BlackRock's 13% stake has surged in value from $174 million to around $1.4 billion since then.
Visit Business Insider's homepage for more stories .
The GameStop saga is being framed as the little guys sticking it to Wall Street. However, the world's biggest fund manager has probably made $1.2 billion this month thanks to those amateur investors pumping up the...
Read more ...

 

BlackRock has likely made $1.2 billion on GameStop as day traders buy the stock to stick it to Wall Street

BlackRock has likely made $1.2 billion on GameStop as day traders buy the stock to stick it to Wall Street

1 month ago   |   By Business Insider

Summary List Placement
BlackRock has likely scored a 700% gain on GameStop this month, thanks to day traders boosting the stock.
The world's largest asset manager owned 9.2 million shares worth $174 million at the end of 2020.
BlackRock's 13% stake has surged in value from $174 million to around $1.4 billion since then.
Visit Business Insider's homepage for more stories .
The GameStop saga is being framed as the little guys sticking it to Wall Street. However, the world's biggest fund manager has probably made $1.2 billion this month thanks to those amateur investors pumping up the...
Read more ...

 

AMC spikes 160% as day traders ignite shorted stocks like GameStop, BlackBerry, and Bed Bath & Beyond

AMC spikes 160% as day traders ignite shorted stocks like GameStop, BlackBerry, and Bed Bath & Beyond

1 month ago   |   By Business Insider

Summary List Placement
AMC stock surged as much as 160% in premarket trading on Wednesday.
Day traders also sent GameStop shares up as much as 132%, and BlackBerry and Bed Bath & Beyond up about 30%.
Amateur investors are targeting heavily shorted stocks to make quick profits and squeeze short-sellers.
Visit Business Insider's homepage for more stories .
AMC shares skyrocketed as much as 160% in premarket trading on Wednesday as day traders piled into heavily shorted stocks for a third consecutive day.
Frenzied buying also drove GameStop shares up as much as 147%, BlackBerry up 31%, and...
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