Explainer: What in the world is going on with GameStop's stock? - Business Insider

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GameStop nearly died in 2019. Now, hedge funds are scrambling to deal with the company's exploding stock. Here's what's going on.

The world's largest video game retailer has had a wild few years.

Things started looking better in the second half of 2020 as game consoles launched, but the stock has exploded in recent weeks.In early 2019, GameStop's stock value fell off a cliff: It dropped from about $16 per share to under $4.Even in 2020, while the video game business saw huge gains due to coronavirus lockdowns, GameStop's stock price remained in the gutter.

"GME has bounced and is once again at $225," one thread in the Reddit forum said on Wednesday morning. "Hold strong boys ... we will take GME to $1,000," the post read. , and to remove their $1,000 price limit which would automatically trigger sales. "GME will stay going until WE sell. Do not f---ing sell boys, $1,000 was the original target but nothing is stopping this from getting to $5,000 but us. It sounds like a meme but it isn't.

 

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Here is going on in reality 👇🏻

The fairytale stock.

thanks for this news

What's happening to the kid in the blue jacket though? 🤔

I would sell this stock right now if u had it

👏

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