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Week in Perspective January 29, 2021: Market Retreat as Short-Sellers get Squeezed Thumbnail

Week in Perspective January 29, 2021: Market Retreat as Short-Sellers get Squeezed

To begin, GameStop (GME) entered the week at $65 per share and peaked at $483 per share later in the week, as it becomes the poster child for the short-squeeze mania/rebellion against short sellers. Things got so wild that brokerage firms restricted trading activity on heavily-shorted stocks like GME, which sent these stocks lower and drew the ire of many market participants.

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