Even if you’re someone who doesn’t follow the stock market, the name GameStop will ring a bell given the storm it caused in the stock market and on social media in January 2021.
Over the past six months, the US chain of video game retail stores saw its stock price surge by almost 8,000%. A year ago, the company was valued at $3.25 per stock. On January 26, 2021, the stock closed at $145.60, followed by $345.00 on January 27, and $469.42 on January 28, which was its peak. On January 29, the company closed at $193.60 on the New York Stock Exchange.