GameStop Corp. has been making headlines once again as its stock surged 6.8% on Monday, putting it on pace for its largest daily percentage increase since December 13, 2023. This sudden rise has caught the attention of investors and analysts alike, leading many to wonder what might be driving this unexpected boost in stock performance.
What to watch in the markets this week: AI stocks keep rallying, but don't ignore GameStop. The Fed helped lift indexes to record highs and GameStop Corp. is set to report earnings, with the stock facing potential downside risk amid a bearish technical pattern. Yahoo Finance Live co-hosts Josh Lipton and Julie Hyman cap the week off by previewing the top headlines and events that should be on investors' radar.
With Q1 coming to a close, and in a week shortened by a market holiday on Friday, several key companies are set to release their earnings. This includes GameStop Corp., which has been a focal point for many investors in recent years due to its volatile stock movements and Reddit-fueled short squeezes.
Three years ago, the stock price of the company GameStop soared over 1625% in just a week. While it's been speculated the primary cause was a short squeeze orchestrated by Reddit traders, the exact reasons behind the surge remain unclear. PLTR stock's IPO was in September 2020 and there were a lot of short sellers betting it wouldn't hold up. Shares went public at $10 a piece and it's back on the rise now—and even Tuesday's Solana network outage couldn't slow its roll. GME, the unofficial GameStop-themed meme coin, has also seen increased interest from investors.
GameStop Corp (GME) is up 1.68% today, adding to its recent gains and fueling speculation about what might be next for the company. As the stock continues to outperform expectations, investors are keeping a close eye on GameStop's future potential and whether this surge is sustainable in the long term.
Overall, GameStop's recent stock surge has once again put the company in the spotlight, with many wondering what the future holds for this retail giant. Whether driven by short squeezes, meme coin popularity, or other factors, GameStop's stock performance is sure to continue generating interest and speculation in the weeks and months to come.
