GameStop Just Pulled The Biggest Reverse Uno Card On Market Manipulators Ever
Portfolio Pulse from Kevin Malone
GameStop Corp (NYSE:GME) has implemented several strategies to combat stock manipulation, including a share buyback program, a new investment policy allowing the company to invest in its own shares, and an agreement to sell up to 45 million shares during price surges. These measures aim to stabilize the stock price and increase the company's cash reserves.
May 21, 2024 | 3:34 pm
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GameStop has announced several measures to combat stock manipulation, including a share buyback program, a new investment policy allowing the company to invest in its own shares, and an agreement to sell up to 45 million shares during price surges.
The measures announced by GameStop are likely to stabilize the stock price and increase the company's cash reserves, which could positively impact the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100