Why did the price of GameStop stocks jump so suddenly?
Why GameStop Is Falling Today. Shares of GameStop (NYSE: GME) are tumbling 8.2% at 12:50 p.m. Thursday afternoon on no news specific to the …
Why is GameStop losing money?
Mar 28, 2022 · One of the hottest stocks of 2021, GameStop (NYSE: GME) is once again in the spotlight following some insider buying and a return in meme-stock interest.While GME stock has certainly cooled down ...
Why GameStop is failing?
Mar 15, 2022 · The news that most likely has GME stock on the rise is an upcoming earnings report. GameStop is planning to release results for its fourth quarter and full year of 2021 when markets close on ...
Why do millennials love GameStop stock?
Mar 22, 2022 · GameStop Stock Up Strongly: It Could Be Heading To The Moon GameStop stock has been up sharply lately, in meme style. Here is why shares could be on their way to the moon for the first time in 2022.
The stock is acting like it is January 2021 all over again
What happened
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
So what
Shares of GameStop ( NYSE:GME) have been relatively calm over the past month. Entering the trading day today, shares were up about 6.5% over the last 30 days. And volatility had also been decreasing, with its 30-day average daily volume dropping 60% in that time.
Now what
This afternoon's spike happened in concert with other former meme stocks including AMC Entertainment ( NYSE:AMC) and Koss ( NASDAQ:KOSS), both of which also spiked double digits. There isn't company-specific news on these names today.
