Wednesday, January 20, 2021

How GameStop Stock Surged 1,500% In Nine Months

Hmmm, everyone stuck at home watching TV and playing video games might have something to do with this.

Analysts suggest the recent surge in GameStop's stock price is the result of a massive short squeeze bubble that will pop eventually. But beyond the sky-high valuations of recent weeks, analysts also suggest there's some reason to believe GameStop's long-term health is more robust than last year's stock doldrums suggest.