GameStop Has 1 Undeniable Advantage

1 min read

GameStop (NYSE: GME) stock is the recipient of an extraordinary amount of attention lately. It is caught up in the middle of a buying frenzy that started on the Reddit forum subgroup r/WallStreetBets. At one point, the price for one share of GameStop stock rose a jaw-dropping 1,063% just in January. That increase was fueled in part by some investors scrambling to cover shares they held short

Although the reason for the excessive GameStop share purchases and sales is more related to some (potentially lucrative and potentially damaging) quirks of stock trading, fundamentally GameStop as a company does have one undeniable advantage that might make it a worthy stock to own longer-term. 

Image source: Getty Images.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

Here’s Why Walker & Dunlop Is Soaring on Thursday

Next Story

Moog Inc. (MOG.A) (MOG.B) Q1 2021 Earnings Call Transcript

Latest from Blog