Why GameStop Stock Hit the Reset Button This Week

GameStop (NYSE: GME) shareholders beat a flat market this week, with shares soaring 20% through Thursday trading compared to the 0.1% uptick in the S&P 500, according to data provided by S&P Global Market Intelligence.

The rally wasn't tied to shifting fortunes for the video game retailing business, but instead can be traced to a general rebound in several hard-hit meme stocks.

Image source: Getty Images.

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Source Fool.com