[GameStop GME, NLS Basic Market Info, New York Stock Exchange]
[Opening today: $17.365, High: $17.410, Volume: 3.2596 million shares, Previous close: $16.970, Low: $16.820, Turnover: $78.53 million, Turnover rate: 1.01%, P/E (TTM) Loss, Total market value: $5.304 billion]
[Real-time price: $18.42]
....
After Lin Mo purchased $20 million of GameStop shares, the turnover of GameStop's stock rose from the original $52.88 million to $78.53 million, but the real-time stock price did not change much.
The reason is simple,
While a large number of retail investors were buying, the major players in the market were selling in large quantities, and the volume of sales was greater than that of purchases, which meant the price would not fluctuate too much.
Only when the market's buying volume far exceeds the selling volume will there be an upward trend.
