CDPR Stock Price : A recent Reddit thread has emerged explaining why CDPR’s stock have increased in value. Read more to find out the details.
Despite the disastrous launch of Cyberpunk 2077, CDPR has scraped through when it comes to restoring its reputation. The Polish Game developers have been releasing patches very regularly to ensure that everyone enjoys the Cyberpunk 2077 experience.
There is still more to come apart from patches according to the developers. During the last week of 2020, CDPR even announced a DLC expansion pack, which is said to become available early 2021. We still don’t know exactly when though.
There is a claim circulating on the internet that CDPR hurt & bled itself to ensure that the investors are safe. However, the CDPR stock value has been steadily increasing this week. The current value of the CDPR Stock is available on the internet, and you can fin it pretty easily.
According to Reddit user DietrichNeu, CDPR stocks have grown in value by 20%. This is due to Melvin Capital liquidating its shorts in CDPR to cover up for loses in GameStop. You can check out the post here.
How did CDPR Stock value increase?
According to the same user, the value of CDPR stocks have gone up because Melvin Capital had to sell its short options in CDPR. A short is basically bets, which are made against the shares of a company. Due to the recent surge in GameStop’s value & how WallStreetBets’s have used hedge funds companies tactics against them.
After the patch 1.1 for Cyberpunk 2077, CDPR’s stock is rising. pic.twitter.com/oqzYRhWYyK
— ArkhamNDead #XBTMafia (@vemi_d) January 25, 2021
Melvin Capital, which currently owns a short position of only 1.05% in CD Projekt had to dump its short options to cover the losses they incurred from GameStop. Due to this move, the value of CDPR stocks have increased by almost 20% in the last week, according to the same Reddit user.