By Matt Benjamin This was supposed to be the beginning of earnings week on Wall Street, when companies answer questions about their most recent sales and profit numbers. Instead, there is only one question investors want an answer to right now: Why did GameStop stock rise the way it has this month?
If you look at the chart of GameStop stock so far this year, you’ll see something truly astounding.
GameStop stock rose from $17.25 on the first trading day of 2021 to $347.51 earlier this week. That’s an increase of about 1,900%.
Such a meteoric rise is unheard of in the stock market. Sure, Tesla …read more
