What started out as an internet meme, we thought GameStop had its time in the sun. Because of the internet rallying behind the gaming retailer, stocks went from $18 a share on New Years Eve to $347 a share 5 days later. After the dust has settled and normality settled in, it bottomed out $45 a share. Still high in comparison to where the average of where it was since its 2002 market debut.
On March 9th, during the stock market’s opening hours, the price of GameStop stocks spiked to $228 a share. Before noon it peaked at $240 a share. It’s quite shocking to outsiders, as the all time low was around $4 a share in March 2020. If you would have purchased a thousand shares at $4 each, your stocks would still net you $224.000.
