Teens Love GameStop Stock, but What Lessons Are They Learning?
We know the GameStop (NYSE: GME) story is not going to end well. Not that the video game retailer is going to go bankrupt or anything, but its stock's moon shot -- up more than 15-fold from its January lows at Monday's closing price -- is going to come to an ugly end, probably sooner rather than later.
Yet we should be thankful to the Reddit crowd that got this movement started, because the crazy trading frenzy they launched ended up introducing the stock market to a whole new class of investors who might not otherwise be interested in investing: teenagers.
Wells Fargo surveyed hundreds of teens and their parents and found that while chat room traders were flocking to the video game retailer's stock, the social media sensation it caused also attracted the attention of 13- to 17-year-olds.
Source Fool.com
