Amid the first COVID-19 lockdown in March 2020, GameStop stock dropped to a value of $2 to $4 per share, the lowest in the company's history. By not selling one's stock, the demand for a particular share of that stock increases, ultimately driving up its price. This is exactly what happened in the case of GameStop.21 Feb 2021
Is GameStop going out of business?
6. GameStop Stores Are Closing. At the end of 2020, GameStop announced that they planned to close 1,000 stores by March of 2021. GameStop's CFO Jim Bell explained the reasoning behind the closures, saying the move “will allow us to more efficiently and profitably service our customers.”23 Nov 2021
Why did GameStop go down?
GameStop stock was falling fast on Wednesday after the company's fiscal fourth-quarter results disappointed analysts. The company said it didn't sell stock as its valuation surged. GameStop stock received a mix of downgrades, price target cuts, and raises from analysts following the report.24 Mar 2021
Will GameStop stock go up 2021?
Characteristic Share price in U.S. dollars
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12/17/2021 155.64
12/16/2021 144.59
12/15/2021 148.59
12/14/2021 147.69