GameStop Corp
NYSE:GME

  • LAST PRICE
    23.3300
  • TODAY'S CHANGE (%)
    -1.3600 (-5.5083%)
  • Bid / Lots
    23.4100/ 1
  • Ask / Lots
    23.4300/ 1
  • Open / Previous Close
    23.3500 / 24.6900
  • Day Range
    22.3100
    23.7800
  • 52 Week Range
    9.9500
    64.8300
  • Volume
    30,451,143

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    • 9:04AM ET on Sunday Jun 30, 2024 by Dow Jones
      Companies Mentioned: GME

      The complaint alleges that Defendant engaged in a pump-and-dump scheme, whereby he: (i) shortly before his May 12, 2024 social media post on X, and unknown to investors, quietly purchased a large volume of GameStop call options on E*Trade at comparatively low prices; (ii) on May 12, 2024, reignited the meme stock movement and pumped the value of GameStop securities with his first social media post on X in nearly three years; (iii) after the prices of GameStop securities had abated, pumped the value of GameStop securities again via a June 2, 2024 post of his GameStop portfolio on Reddit, disclosing his large position in GameStop securities, including 120,000 GameStop call options and 5 million shares of GameStop stock; and (iv) by June 13, 2024, quietly sold and/or exercised (i.e., dumped) all 120,000 of his GameStop call options for a large profit, seemingly to increase his own stake in GameStop stock by over 4 million shares, belatedly revealing as much to investors on June 13, 2024, during after-market hours.

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