October 1, 2022
By : Quick Insurance Guru
GameStop Corp. is an American online game, electronics, and gaming merchandise manufacturer.
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The stock helped kick off the lucrative short squeeze rally that started in early 2021.
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In a strong trading session, GameStop stock fell 36%.
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Shares of GME share were up more than 700% this year, turning a $10,000 investment at the start of the year into nearly $81,351 now.
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The stock could rally again if GME lost the capital. The stock rally helped GameStop retire its massive pile of debt.
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Shares of GME stock surged 1,600% in January.
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An online message board helped coordinate a buying spree in the video game retailer's shares.
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GME stock increased for a reason. And most people thought it would fall more.
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GME stock is sold. The stock is now available for trading at all major brokerages.
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Given the intense volatility in GME stock, some brokerages like Robinhood limited some transactions in GME stock earlier this year.
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