NYSE:GME - New York Stock Exchange, Inc. - US36467W1099 - Common Stock
In 2021, GameStop’s stock soared over 1,500% in less than a month,driven by a Reddit-fueled frenzy. The irony is clear: memecoins like the TRUMP token face heavy criticism for speculative hype, yet they mirror the very behavior seen in traditional finance markets.
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Shares of video game retailer GameStop (NYSE:GME) fell 5.2% in the morning session after the major indices declined sharply (Nasdaq down 1.9%, S&P 500 down 1.1%) as investors appeared to be locking in some gains in a year marked by significant progress in the Fed's effort to deliver a soft landing—taming inflation without causing more damage to the economy—despite early signs of weakness in the labor market.
GameStop currently trades at $32.17 and has been a dream stock for shareholders. It’s returned 2,081% since December 2019, blowing past the S&P 500’s 85.7% gain. The company has also beaten the index over the past six months as its stock price is up 28.2% thanks to its solid quarterly results.