Question: What answer is not relevant when discussing the GameStop situation? a. at one point the amount of stock short sold by the short sellers was

What answer is not relevant when discussing the GameStop situation?

a. at one point the amount of stock short sold by the short sellers was more than the actual stock outstanding. short sellers were attempting to lower the price of GameStop

b. retail investors who were following Wall Street bets and Reddit started buying the game stock resulting in increased stock price

c. there was a massive insider-trading which allowed short-sellers to manipulate the market initially

d. because of the massive purchases of GameStop stock many short sellers were forced to liquidate their positions by buying GameStop stock at a higher price than they sold the shares

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!