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Roger Montgomery, Founder and Chief Investment Officer of Montgomery Investment Management, joins Michael for his take on 'GameStop', the US bricks-and-mortar video retailer, that saw its shares surging to dizzying heights last week as small-time traders took on Wall Street.

 

At the close of trade in New York on Friday, its retail stock was up 68 per cent to $US325, ending the week on a high for GameStop investors.

 

GameStop stock (GME) has risen more than 1,500% for the year driven largely by a group of investors on Reddit, who are buying the stock to hurt short sellers and hedge funds that had bet on the stock to go down.

Roger Montgomery, Founder and Chief Investment Officer of Montgomery Investment Management, joins Michael for his take on 'GameStop', the US bricks-and-mortar video retailer, that saw its shares surging to dizzying heights last week as small-time traders took on Wall Street.
&nbsp;
At the close of trade in New York on Friday, its retail stock was up 68 per cent to $US325, ending the week on a high for GameStop investors.
&nbsp;
GameStop stock (GME) has risen more than 1,500% for the year driven largely by a group of investors on Reddit, who are buying the stock to hurt short sellers and hedge funds that had bet on the stock to go down.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.

Wake Up Australia, 4am - 9:30am weekdays.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.
Wake Up Australia, 4am - 9:30am weekdays.

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