Is GameStop Stock Really Worth $11 Billion? No.
GameStop(GME) Investor Place·2024-07-16 18:10
GameStop (NYSE:GME) stock has swung wildly since Roaring Kitty returned to social media to reiterate just how much he likes the video game retailer. And though shares are down sharply from those peaks, what may not be clear to many is that GameStop stock continues to trend higher.Just because it is not acting like a moonshot doesn’t mean the stock isn’t still rising. GameStop is down 61% from its May high point but up 161% from their April lows. More importantly, after the initial frenzy died down, GameStop ...