Why GameStop Is Soaring 16% Higher This Week
Shares of GameStop (NYSE: GME) are soaring 16.2% higher this week, according to data provided by S&P Global Market Intelligence. The company is riding along on renewed interest in meme stocks and continuing momentum that really began two weeks ago.
The video game retailer's stock reversed a steady slide in its stock value beginning on Oct. 22. Other than a few minor dips along the way, it has basically been on an upward trajectory.
This past Monday, though, GameStop rose 3% after announcing its COO was leaving, and the company didn't look like it was going to fill the position as her duties were being assumed by other executives. It followed that up on Tuesday after Bed Bath & Beyond suddenly grabbed investor attention.
Source Fool.com
