- Jan 28, 2021
- 3 min
Understanding the mother of all short squeezes: GameStop Corp.
Texas-based videogame retailer GameStop Corp.’s (GME) stocks soared this week from $76.79 on Monday to $147.98 on Tuesday and $347.51 on Wednesday. The shares began 2021 at $18.84. GME’s 1,745% gain in the space of a month did not reflect anything as substantial as a positive earnings surprise or a technological breakthrough. GameStop is a national retail store chain that resells video-games. Anyone can download from home the same games in high-resolution from the Internet i
