Why GameStop Stock Is Bounding Higher Today
Shares of GameStop (NYSE: GME) are starting off the new year on the right foot, launching out of the gate with a 3.9% gain in morning trading Monday. The video game retailer was one of the top five performing stocks in all the market in 2021, with a 687% gain, but it has been trending mostly lower over the past three months.
Most of GameStop's gains, of course, came from the meme stock trading frenzy in January and February of last year, but its stock has defied the expectations of many analysts who didn't believe it could sustain its valuation over time.
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Source Fool.com