Shares in gaming retail giant GameStop have soared in the most 2021 of Wall Street rallies:
The swings have largely been organized by amateur investors on forums such as Reddit and have forced a halt to trading multiple times, sparking confusion from traditional investors and short-sellers who are betting on the stock falling.
Analysts say the struggling brick and mortar retailer’s stock should actually be priced about 95% lower based on its weak sales and outlook.
And, analysts and traders, take note: Any future GameStop revenue potential won’t include sales here on Capitol Hill. Continue reading