Michael Burry Buys GameStop Stock and Drives Price Up By 4.44%
Key Stats for GameStop Stock
- 1- Year Price Change for GameStop stock: -11%
- $GME Share Price as of Jan. 26: $24.01
- 52-Week High: $35.81
- $GME Stock Price Target: $13.50
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What Happened?
GME stock surged over 4.4% on Monday after Michael Burry revealed he’s been buying shares of the video game retailer. Burry, the investor who famously bet against the housing market before the 2008 financial crisis, disclosed his position in a Substack post.
“I own GME. I have been buying recently,” Burry wrote. He explained that he’s purchasing shares at what he believes is close to tangible book value,…
