Game stop fargo

Game stop fargo

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According to MarketWatch, GameStop (NYSE: GME) has seen its stock rise from less than $20 at the start of the year to a high of $483 during intraday trading on Thursday, Jan. 28, a year-to-date increase of 928 percent. According to Paul Meyers, president and financial advisor for Legacy Wealth Management, GameStop’s rapid growth is attributed to a “short squeeze.” “A common occurrence is for large investment firms known as hedge funds to go in and sell short an individual stock or business,” Meyers said. Short selling is when an investor borrows a company’s shares and sells them in the hopes of lowering the price. He added, “Funds will then purchase the now-lower shares to make a significant profit.” “Of course, the problem with it is that it causes havoc with that particular organization,” Meyers said.
According to Meyers, GameStop was one of the most heavily shorted stocks on the market at the time. “In fact, about 135 percent of their total shares were sold short, indicating that someone was attempting to push down the price,” he noted. According to Meyers, investors on the Reddit page r/WallStreetBets took notice and “banded together” to purchase GameStop shares, resulting in a short squeeze. “It was really concerning to hedge funds because they had already sold the stock at a fair price and now it was going even higher,” he said. In a game of “billion-dollar chicken,” hedge funds had two choices, according to Meyers: hold on to their sell orders or buy back their shares and accept the losses. He said that one hedge fund had lost $3 billion in the process. Meyers said, “It’s simply a case of the people rising up against the big Wall Street capital that sometimes dominates the economy.”

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“GameStop can be found all over the world, bringing excitement with it. For every generation of video game systems and PCs, GameStop has the most up-to-date and common applications, hardware, and accessories.
Currently, GameStop sells games for the Xbox 360, PS3, PC, Wii, PSP, and Nintendo 3DS, as well as older systems such as the PS2, Xbox, and Nintendo DS. You may also carry in your old games to be exchanged for store credit or cash. Power Up incentives are also available from GameStop to keep you involved with the store’s new offerings.”

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GameStop is a group of specialty retail stores dedicated to making the most common technology accessible and affordable. We’re a multichannel video game, pop culture collectibles, consumer electronics, and wireless services retailer with over 7,200 locations across Europe, Canada, Australia, and the United States.
GameStop is dedicated to bringing creativity to customers wherever, wherever, and in whatever form they choose. Gaming and technology enthusiasts are welcomed to explore and enjoy their favorite items in one of GameStop’s friendly retail environments, whether they are looking for new or pre-owned, digital or physical video game titles, the latest in video game hardware or accessories, or consumer electronics.
Customers looking to trade in video game hardware and software, as well as smartphones and tablets that they no longer use or play, will benefit greatly from our buy-sell-trade scheme. Every year, GameStop distributes more than $1 billion in trade credits, with more than 70% of those funds going into the purchasing of new merchandise.

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Assistant Store Manager – will assist the Store Manager in all aspects of store operations, including ensuring that store employees have friendly, accessible, and enthusiastic customer service both in person and over the phone. This involves helping with product collection, orders, and returns, as well as answering questions. At all times, make sure the store is safe, well-organized, and properly stocked, and that all policies, processes, and controls are followed. Through arranging, scheduling, and delegating work to up to 5 Game Advisors, you will be able to supervise them.
Senior Game Advisor (Shift Leader) – will assist the store management team in supervising all store operations as well as offering friendly, responsive, and enthusiastic service to customers, including answering questions and assisting with product selection, purchase, or return, in person and over the phone. Assist with merchandising, inventory management, loss reduction, restocking, and shop cleaning and maintenance.
Game Advisor (Sales Associate) – provide excellent customer support by using elements of GameStop’s The Circle of Life purchase, sell, swap, and reservation business model. This role is responsible for greeting customers on the sales floor, informing them of trade, reservation, and loyalty program benefits, and thanking them. Game Advisors also have a safe, organized store atmosphere in which to shop, share product knowledge with customers, ensure products are easy to see and purchase, process consumer purchases, and share product knowledge with customers. Higher levels of overall store performance and customer satisfaction are the primary business outcomes for this job.

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