Stock Markets and Personal Finance: End of Chapter Problem In early 2021, GameStop achieved meme stock status behind strong backing from r/wallstreetbets and a famous tweet from Elon Musk. Let's consider some key moments in the GameStop saga. These data for Gamestop stock (GME) in the table from finance.yahoo.com will help you answer the questions. Date January 11, 2021 Closing Price $5 January 19, 2021 $10 January 26, 2021 $37 October 21, 2022 $25 a. Suppose that you were an early passenger on the GameStop bandwagon and decided to purchase shares of their stock on January 11, 2021, the day they announced three new directors: Alan Attal, Ryan Cohen, and Jim Grube. Has this turned out to be a wise investment, at least as of October 21, 2022?? b. What if you first became aware of GameStop on January 19, 2021, when a well-known stock research firm, Citron Research, called GameStop buyers "suckers"? Has this turned out to be a wise investment, at least as of October 21, 2022? c. What about if you did not jump into the fray until January 26, 2021, when Elon Musk tweeted "Gamestonk!!" with a link to r/wallstreetbets? Has this turned out to be a wise investment, at least as of October 21, 2022?

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
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Chapter12: Managing Economic Exposure And Translation Exposure
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Macmillan Learning
Stock Markets and Personal Finance: End of Chapter Problem
In early 2021, GameStop achieved meme stock status behind strong backing from r/wallstreetbets and a famous tweet from
Elon Musk. Let's consider some key moments in the GameStop saga. These data for Gamestop stock (GME) in the table
from finance.yahoo.com will help you answer the questions.
Date
Closing Price
January 11, 2021
$5
January 19, 2021
$10
January 26, 2021
$37
October 21, 2022
$25
a. Suppose that you were an early passenger on the GameStop bandwagon and decided to purchase shares of their stock on
January 11, 2021, the day they announced three new directors: Alan Attal, Ryan Cohen, and Jim Grube. Has this turned out
to be a wise investment, at least as of October 21, 2022??
b. What if you first became aware of GameStop on January 19, 2021, when a well-known stock research firm, Citron
Research, called GameStop buyers "suckers"? Has this turned out to be a wise investment, at least as of October 21, 2022?
c. What about if you did not jump into the fray until January 26, 2021, when Elon Musk tweeted "Gamestonk!!" with a link
to r/wallstreetbets? Has this turned out to be a wise investment, at least as of October 21, 2022?
Transcribed Image Text:Macmillan Learning Stock Markets and Personal Finance: End of Chapter Problem In early 2021, GameStop achieved meme stock status behind strong backing from r/wallstreetbets and a famous tweet from Elon Musk. Let's consider some key moments in the GameStop saga. These data for Gamestop stock (GME) in the table from finance.yahoo.com will help you answer the questions. Date Closing Price January 11, 2021 $5 January 19, 2021 $10 January 26, 2021 $37 October 21, 2022 $25 a. Suppose that you were an early passenger on the GameStop bandwagon and decided to purchase shares of their stock on January 11, 2021, the day they announced three new directors: Alan Attal, Ryan Cohen, and Jim Grube. Has this turned out to be a wise investment, at least as of October 21, 2022?? b. What if you first became aware of GameStop on January 19, 2021, when a well-known stock research firm, Citron Research, called GameStop buyers "suckers"? Has this turned out to be a wise investment, at least as of October 21, 2022? c. What about if you did not jump into the fray until January 26, 2021, when Elon Musk tweeted "Gamestonk!!" with a link to r/wallstreetbets? Has this turned out to be a wise investment, at least as of October 21, 2022?
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