GME Stock – GameStop (GME) Stock: Over 13% Increase Explanation
- The stock price of GameStop Corp. ((NYSE: GM)E) increased by over 13% during intraday trading. This is why it happened.
It appears that the increase of AMC today triggered a “meme” stock frenzy today by retail investors. GameStop is part of a group of stocks that were short-squeezed in late January by the r/WallStreetBets community on Reddit. So when the stock price of a company in that group increases, the others also tend to increase as well.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.