So you probably been hearing all this talk about how GameStop stock has been rising.
Well let me explain why in simple terms. GameStop was one of the highest shortest stocks (means people bet on the stock going down)
A group of investors saw this and started buying the stock causing the stock to shoot up.
As the price continued to increase hedge funds were forced to close their positions (Shorts) because they lost so much money. So they started buying the stock to try and make their money back. So far the number is in the billions and is still increasing.
This is not a long term investment this is basically a protest going on on Wallstreet the little guys vs the big hedge funds.
