GameStop (GME): The King of Meme Stocks Almost Stopped the G

GameStop (GME): The King of Meme Stocks Almost Stopped the Game


GameStop (GME): The King of Meme Stocks Almost Stopped the Game
2021-04-30 14:43:00
James Stanley,
Izaac Brook,
GameStop (GME) Talking Points:
GameStop stock took markets by storm in Q1 as a short-squeeze in GME threatened to up-end US equity markets.
GameStop propelled WallStreetBets to the center of the market’s attention as redditors teamed up to go long the stock.
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GameStop (GME) is the leader of the pack of meme stocks, propelling WallStreetBets to fame during the coordinated short squeeze in January. The rally in GameStop and the disruptions it caused among brokerage platforms and the overall market was even a focus of congressional testimonies. While the beltway scrutiny may have faded — for now — the stock continues to trade above $150 per share as of late April, compared to $20 per share at the start of the year. The share price has continued to see high levels of volatility.

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