Why Is Everyone Buying Gamestop Stock
The company is now worth over 10 billion. The basic thesis was that there are lots of short sellers who owe people GameStop shares and that they would owe a lot of money and thus be forced to. Matthew Green On Twitter My 13y O Told Me To Buy Gamestop Stock Let Me Repeat This My 13 Y O Told Me To Buy Gamestop At time of writing a share is over 329. Why is everyone buying gamestop stock . This school of thought says the stock market is very logical and so because GME is struggling as a business its price will go down. It could be that the stock has run too far or that its overvalued. Some analysts have even referred to this phenomenon as a meme stock. Trading in the stock was halted nine times on Monday as shares reached a. In the case of GameStop though they absolutely were looking for it to go to zero. How high has it gone. If we narrow it down even further the data shows that 3 out of 6 analysts rate the stock. Stock received a consensus recommendation rating of