Experts explain what s happening with GameStop stock and what to expect next
The stock has gone up nearly 1000% in a week, and other stocks have seen sudden huge price spikes. Author: William Joy (WFAA) Updated: 10:34 PM CST January 27, 2021
FORT WORTH, Texas Stock of Grapevine-based GameStop has soared more than 1,500% in the past Monday and 785% in the past week. Its rocket ship rise has taken over social media sites and national headlines.
“Everybody is loving the GameStop story,” said Spencer McGowan, president of McGowan Asset Management.
McGowan has run the company for 35 years and said what’s happening with GameStop hasn’t been seen to this level in decades.