Once again GameStop ($GME) has proven time and time again that no matter how much it gets knocked down it just keeps getting back up for more gains.
GameStop released its earnings this quarter and failed to provide outlook for investors and as a result the stock dipped more then 10.5% at the beginning of its trading session leaving it at $178 a share and by 2pm EST in a stunning recovery it was back up to $200 thanks to retail investors and the glorious apes and traders that follow it like The second coming of Jesus.
GME was the single most popular ticker mention on Reddit’s WallStreetBets forum, overtaking previous stars of the show Clover Health and SPY.
As of afternoon trading, more than 6 million shares of GameStop have changed hands, nearly doubling its 30-day average trading volume, according to FactSet.
Whatever your take on the whole GameStop situation is one thing is for certain no matter what comes it’s way redditors and traders alike will not let up on making GameStop one of the most profitable stocks to be apart of.