Noah Centineo to Star in New Netflix Movie About GameStop Stock Saga
The film will center on the ongoing battle between hedge funds and the amateur Reddit traders who caused GameStop stock to skyrocket
Noah Centineo is headed to Wall Street.
The 24-year-old actor is set to star in an upcoming Netflix movie focused on the surge in GameStop stock, PEOPLE confirms.
Oscar-winning screenwriter Mark Boal (The Hurt Locker, Zero Dark Thirty) will write the screenplay, according to Deadline.
The film will center on the ongoing battle between hedge funds and the amateur Reddit traders who caused GameStop stock to skyrocket to more than 1,700 percent last week through investing apps like Robinhood.
Last month, Redditors encouraged each other to buy stock in the beloved video game store, which drove up the price of the company's stocks.
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Hedge fund companies were betting the stock would go down but then regular investors' interest in the stocks caused prices to surged meaning hedge funds lost billions of dollars.
Similar situations happened with individual traders buying stocks in other struggling companies such AMC movie theaters, Blackberry and Build-A-Bear Workshop.
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Centineo has previously starred in Netflix's To All the Boys I've Loved Before (2018) and its sequel To All the Boys: P.S. I Still Love You (2020).
He can next be seen in the third film in the franchise, To All the Boys: Always and Forever, out on Feb. 12.
In August 2019, Centineo said goodbye to his character, Peter Kavinsky, in the To All the Boys franchise, writing, "Tonight was my last night as Peter Kavinsky," he began. "I hope you all love these last installments as much as we do. Forever grateful for the opportunity to be yours."
Centineo concluded his post with messages of gratitude. "Thank you Lana, thank you Michael, Thank you Matt, Thank you Netflix, grateful to every person who told this story with us," he wrote.
The actor will also star in the upcoming films Black Adam opposite Dwayne Johnson and Masters of the Universe as He-Man.