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GameStop to join S&P MidCap 400 index next week

Reuters2021-07-28

July 27 (Reuters) - S&P Dow Jones Indices said on Tuesday GameStop, one of the hottest and most visible ‘meme stocks’, will join the S&P MidCap 400 index next week.

GameStop’s shares have surged more than nine fold this year, helped by a social media hype and was the spark in January for a battle casting hedge fund short-sellers against a pack of small-time investors organizing online.

The company, currently a part of S&P SmallCap 600, will replace Weingarten Realty Investors in the S&P MidCap 400. Lakeland Financial Corp will take GameStop’s place in the S&P SmallCap 600.

GameStop, like others meme stocks that have lit up Wall Street since January, has sold millions of dollars in new stock.

The company is trying to pivot to e-commerce and recently hired a former Amazon official as its new chief executive officer to steer it through the transition.

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Comment18

  • BennyB
    ·2021-07-29
    Interesting. Still diamond tho.
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  • jsjeiwjxiejeikdkd
    ·2021-07-28
    .
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  • Imnotbryan
    ·2021-07-28
    “against a pack of small-time investors organizing online.” MSM BULLCRAP, this is disgusting 
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  • melontan
    ·2021-07-28
    To the moon yeah!
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  • BANBANLUCK
    ·2021-07-28
    Thank u 
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  • nivlac
    ·2021-07-28
    What a joke 
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    • Jo5tarz
      [捂脸]
      2021-07-28
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  • bullbeR
    ·2021-07-28
    Thanks to reddit 
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  • jsjeiwjxiejeikdkd
    ·2021-07-28
    oh god
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  • PaulMardling
    ·2021-07-28
    "has sold millions of dollars of new stock"......?Not even accurate. The company has raised roughly $1.6 billion. They can't make it seem like too good of news as the hedge funds that are short on GME have partial ownership of the corporation that owns the media group. 
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    • Zhenghao
      Nice
      2021-07-28
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  • Winnerwinner
    ·2021-07-28
    Wow GameStop is the way to go
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  • ngckkk
    ·2021-07-28
    Nice! go go gme! 
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    • airui
      gogogo
      2021-07-28
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  • adc123
    ·2021-07-28
    .
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  • WW1012
    ·2021-07-28
    Wow
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  • tx03
    ·2021-07-28
    Lol
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  • Jasng250
    ·2021-07-28
    Sharing 
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  • YS81
    ·2021-07-28
    Pls like and comment
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  • RBW
    ·2021-07-28
    [Doubt] 
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  • Elishaaa
    ·2021-07-28
    Let’s make money $$
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