Re:GameStop Is Rage Against the Financial Machine
by lukeramsden on Wednesday January 27, 2021 @12:11PM
(#25930730)
> Who has the money to keep buying at $350 to propel the stock to $400
Delta hedging, potentially
> But there's 55M shares trading at all time highs
55M is the float but there's nowhere near that much actively available. Fidelity and Blackrock together own about 25M I think [0], along with other institutional investors as well as staff in stock incentives. Some of this will be liquidated as the price goes up but not all of it.
Delta hedging, potentially
> But there's 55M shares trading at all time highs
55M is the float but there's nowhere near that much actively available. Fidelity and Blackrock together own about 25M I think [0], along with other institutional investors as well as staff in stock incentives. Some of this will be liquidated as the price goes up but not all of it.
[0] https://news.gamestop.com/stock-information/institutional-ow...