TO THE MOON AGAIN: GameStop Stock Roars
Posted on 03/10/2021
GameStop (ticker: GME) stock rose as high as US$ 348.50 per share on Wednesday, beating its record closing high from January 27, 2021. GameStop shares were then paused for volatility by the exchange. However, the “meme stock” lost all of those gains in a precipitous decline around 12:30 p.m. ET. The shares were halted down 12% at just under US$ 200 per share.
For GameStop investors, can the company grow online and make money to meet with the valuation?