"The Big Short" Michael Burry Reveals Ongoing GameStop Purchases, Stock Price Soars 8.8% Intraday

BlockBeats News, January 27th. Renowned U.S. "Big Short" Michael Burry posted, stating, "I hold GameStop (GME) and have been buying more recently. I expect the price I paid to soon approach 1x tangible book value and 1x net asset value. I do not intend to realize long-term value through short squeezing and am willing to hold long term."

Impacted by this news, GameStop's stock price surged sharply during Monday's session, rising by 8.8% at one point and closing at $24.01, up 4.44%.