Michael Burry Stirs GameStop Stock Again — But Jim Simons, Ken Griffin Are In The Red On It

Core Viewpoint - GameStop Corp (NYSE:GME) has experienced a significant decline in stock value, down 25% over the past year and more than 30% in the last six months, but recently saw a nearly 5% increase due to renewed interest sparked by investor Michael Burry [1][2]. Group 1: Stock Performance - GameStop's stock closed at $27.28 at the end of Q3 and fell to $21.63 by November 26, representing a decrease of $5.65 per share or -20.7% since September 30 [4]. - Major hedge fund holders have incurred steep paper losses, with Point72 exiting its remaining 834,000 shares before Q4, indicating a strategic move [4]. Group 2: Investor Sentiment - Michael Burry's recent comments and internal email exchange with GameStop chairman Ryan Cohen have reignited retail speculation, causing GME to trend on social media [2]. - The upcoming earnings report on December 9, with an estimated EPS of 18 cents on $987 million revenue, is seen as a critical moment for the stock [3]. Group 3: Market Dynamics - GameStop's stock remains caught between a strong retail following and fundamental financial realities, with the narrative around the stock being revitalized by Burry's involvement [5]. - The current situation presents a potential turning point for GameStop, with the December 9 earnings report acting as a decisive factor for future stock momentum [6].