Melvin Capital Closes Out GameStop (GME) Position - CNBC
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Price: $18.66 +0.48%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 13.9%
EPS Growth %: -24.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 13.9%
EPS Growth %: -24.0%
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Melvin Capital closed out its GameStop (NYSE: GME) short position gone-wrong, CNBC's Andrew Ross Sorkin reported.
The hedge fund had seen losses mount related to the position and has received $2.75 billion in fresh cash from fellow hedge funds Citadel and Point72 related to the GME losses and others.
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