GME has been naked shorted and stock price was going down (~$4). Retail (normal people) found out it was shorted >100% of the float and started buying and the price rose up ($181 close today). Now retail owns the float and is in a position to name their price when short positions close and many others refuse to ever sell. With that said, Game Stop is a very strong company all on its own with heavy expirence in upper management, BOD, has no debt & $2B in cash with new plans to move beyond selling just games. The price remains low due to criminal actions keeping it low. Only time will tell.
GME has been naked shorted and stock price was going down (~$4). Retail (normal people) found out it was shorted >100% of the float and started buying and the price rose up ($181 close today). Now retail owns the float and is in a position to name their price when short positions close and many others refuse to ever sell. With that said, Game Stop is a very strong company all on its own with heavy expirence in upper management, BOD, he’s no debt & $2B in cash with new plans to move beyond selling just games. The price remains low due to criminal actions keeping it low. Only time will tell.