1. On March 23, 2021 GME stock price closed at 181.75. After the closing bell, GME released earnings and immediately the stock jumped but later on an earnings call the stock began to plummet. The earnings call was so popular that some people were denied access. My question is why do you think this stock dropped and that day and closed around $120 by the next day on March 24th - What did the company say that spooked investors?  
2. Leading up to that earnings call - GME stock saw what was called ashort squeeze causing its stock price to soar to over $400 in a very short time. Conduct a little research on the topic and discuss what a short squeeze is and if you see any ethical concerns with any party involved with the movement of GME. Some of the parties to consider are hedge funds (that shorted the stock) the wall street bets following, Robinhood investments or the company, Gamestop itself. Some have said the company should have issued a statement one way or the other if there was something findamental causing GME to move. Feel free to use as much space as you need.

Answer rating: 100% (QA)

GMEs March 2021 Plunge Short Squeeze Earnings and Ethics The dramatic rise and fall of GMEs stock price in March 2021 was a complex event fueled by mu... View the full answer