Understanding the Historic Rise and Fall of Gamestop Stock

The wild ride of the video game retailer GameStop’s stock has been the biggest financial story of early February. On Jan. 4, the stock was valued at $19 per share. 24 days later, the stock price hit $483 per share. From the start of 2021 to the stock’s highest point, the stock endured a 2442% percent increase. However, the reason for GameStop’s astronomical rise has little to do with the company’s performance.

CultureGraham McNallyFebruary 19, 2021Graham McNally, culture, gamestop, wallstreetbets, wsb, reddit, subreddit, stock market, SecondaryFeature, Secondary Feature, secondary feature