What Does This Mean for GameStop's Stock?
While there is limited evidence suggesting that a substantial percentage of a company's float registered in the Direct Registration System (DRS) can significantly impact trading performance, GameStop's shareholders are increasingly opting for DRS. They recognize that adopting this method of "self-custody" may yield benefits — in particular, addressing retail investors' concerns about transparency in the markets.
Despite the theoretical impracticality of using the DRS compared to holding shares through a broker — and its adoption primarily by retail investors rather than institutional ones — this trend suggests that a significant proportion of GameStop's shareholders persist in holding their shares, even during periods of bearish pressure on the company's stock price.
This implies that GameStop's most devoted holders remain steadfast. In fact, approximately 60% of GameStop's current float is owned by retail investors. $GameStop(GME.US$ $AMC Entertainment(AMC.US$
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ur wifes boyfriend : less volume pretty much
Kirk Holmes : those stats would suggest consistent lower volume daily and periodic manipulation moves around earnings calls but not every call. it's going to settle at the support around either 13 or 15 ish
Kirk Holmes : probably also means I should cover my short position today