I don't quite understand, the announcement about the executive was made on Tuesday, but this gain didn't happen until the final hour or two of trading today.
It's probably a mistake to read much into these things when it comes to Gamestop. It's not about the fundamentals, it's about when /r/wallstreetbets notices and is collectively feeling up for it.
I don’t know it was definitely noticed when it happened and honestly I have a hard time believing it could be more hyped up than these last couple of days.
wallstreetbets has been feeling up to it irrespective, and the mgmt change was definitely noticed there way earlier than near-close/after-hours, which is when the last ~$150 of the current $180 ticker gained..
You have to grok how financial reporting works. They said _amid_ executive shuffle, not _because_.
Weekly option expiry. They waited until Thursday afternoon. Plus Ryan Cohen’s tweet.
I got pretty excited when you made me think it was Thursday afternoon.
Man I just assumed it was Thursday because that’s when it usually happens. But yeah it was the tweet that snowballed.