Everyone with GME stock sells it at the same time. What does this do to the price of GME stock? (A) It goes up. (B) It goes down. (C) It stays the same. (D) Diamond hands.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

6. Everyone with GME stock sells it at the same time. What does this do to the price
of GME stock?
(A) It goes up.
(B) It goes down.
(C) It stays the same.
(D) Diamond hands.

Expert Solution
Step 1

GME signifies "Game Stop Stock." GME is the stock ticker image for an American computer game retailer. It acquired its reputation in January 2021 when it turned into the 'Image Stock' of the subreddit WallStreetBets (WSB.) Individual financial backers composed a purchasing binge in the computer game retailer's portions utilizing on the web message sheets. The purchasing flood got the "shorts" who were risking everything would tumble asleep.

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education