Why GameStop Is Beating the Market Yet Again Today
GameStop (NYSE: GME) continued to outpace the broader market indices Wednesday, with shares up 4.9% as of 11:07 a.m. ET. At that point in the session, the Dow Jones Industrial Average and the S&P 500 were both up less than 1%.
The video game retailer continues to benefit from meme stock traders pushing its stock higher ahead of its 4-for-1 stock split Thursday. Many maintain the action could trigger a short squeeze; the stock has now risen by 20% over the past month.
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Source Fool.com
