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Why GameStop Rocketed 63.7% Higher in April

TheMotleyFool

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Why GameStop Rocketed 63.7% Higher in AprilPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png

Shares of video game retailer GameStop (NYSE: GME) rose a whopping 63.7% in April, according to data from S&P Global Market Intelligence. Like most other stocks, GameStop was hit terribly hard in March as COVID-19 swept across the world, so it experienced a bit of a bounceback in April. However, the bounceback was much more pronounced than for other stocks.

In fact, GameStop experienced several notable events during April that gave it even more of a turbocharge, even though it didn't have an earnings release. Here's what happened.

GameStop stock soared in April. Image source: Getty Images.

Source Fool.com

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