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On April 3 , 2 0 2 0 , shares of GameStop stock were selling for $ 2 . 8 0 per share. Keith Gill,
On April shares of GameStop stock were selling for $ per share. Keith Gill, a year old Reddit user from Massachusetts, invested $ in shares of GameStop. He then started sharing information about his investment on social media, began making YouTube and TikTok videos about his investment, and predicted that the value of GameStop would go up due to the COVID pandemic and with the release of new gaming consoles. Gill gained a rather large following and, inspired by him and other investors, hordes of online traders many of whom were young investors invested in GameStop. By January this purchasing frenzy had driven the price of GameStop up to $ per share and Gill had become a multimillionaire. The closing price of GameStop stock on June was per share.
For your initial post, calculate how many shares Gill was able to purchase on April How much were his shares worth on June Be sure to explain your thinking and show your calculations.
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