Why GameStop Shares Soared This Week

GameStop (NYSE: GME) shareholders trounced a rising market this week. The stock jumped 57% through Thursday trading compared to a 1.3% rally in the S&P 500, according to data provided by S&P Global Market Intelligence.

The surge easily reversed losses from a week ago and pushed returns slightly ahead of the wider market for the year. GameStop is down roughly 4% in 2022 compared to a 5% drop in the S&P 500.

Shares jumped on renewed investor enthusiasm about better earnings results on the way.

Source Fool.com