Tuesday, March 9, 2021

GameStop stock price soars again

Apparently the fat lady hasn't sung yet. 😊

"GameStop Corp. mania was reignited Monday after the video-game retailer tapped Chewy Inc. founder and activist investor Ryan Cohen to helm its e-commerce business shift."

Of course, there are contrary opinions about what that news portends for the stock price. 

After the two spikes in January, the price of GameStop stock stayed in a range of about $40-$60 during most of February. Since then the price has more than tripled ($194.50 at yesterday’s close) and today’s pre-market points even higher ($227 at 9:05 a.m.). See the graph here and click on YTD for Jan. 1 - Mar. 9.

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