If You Own This Stock, It's a Good Time to Sell
Owning GameStop's (NYSE: GME) stock last year was like taking a ride on one of the wildest roller coasters. Starting 2021 at around $19 per share, the price zoomed to over $300 by the end of January. After experiencing lots of ups and downs, the price was over $148 per share at the end of last year.
Owning a meme stock can give you a sense of excitement. After all, the share price can increase quite a bit over a short period, as seen with GameStop. But long-term investors aren't pursuing stocks for the thrill, or even talking about their stocks at parties. They're interested in owning shares in companies that can grow revenue and earnings over time, and having the stock prices follow suit. If you examine it closely, you'll see that GameStop faces continuing challenges that put these goals in question.
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Source Fool.com
