GameStop, the video game retailer with over 5,000 stores across the world, seemed to be nearing financial collapse in recent years after its stock value dropped from around $16 per share to under $4 in early 2019. Despite the industry’s gains driven by widespread COVID-19 lockdowns in 2020, GameStop’s stock value remained below $5 per share.
However, in recent days, GameStop’s stock value has soared, increasing over 8,000% compared to only a few months ago. According to Business Insider, “between January 20 and January 26, GameStop’s stock value leaped from just over $35 per share to north of $140 per share,” and “by January 27, it hit new highs of over $325 per share.”
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