UC Berkeley professors, community react to Gamestop stock prices
BrokenSphere/Creative Commons
The recent price increase for GameStop’s stock, which is being traded at $90 as of press time, was set in motion by a Reddit subgroup. The GamesStop stock price, which had a low price of $4.50 in August 2020, reached a height of $483 last week. (Photo by BrokenSphere under CC BY-SA 3.0)
Terrance Odean, professor in UC Berkeley’s Haas School of Business, studies retail investor behavior. Having recently co-authored a paper about the online trading app Robinhood, Odean said he did not invest in GameStop stock.
Read More…
