Before its recent explosion, GameStop’s stock had been struggling for a long time. The company has been losing money for years as sales of video games increasingly go online, and its stock fell for six straight years before rebounding in 2020. That pushed many professional investors to make bets that GameStop’s stock will decline even further.Why did GameStop skyrocket?
The stocks of the gaming merchandise retailer GameStop have been soaring thanks to the fight between short-seller Citron Research and retail investors of Reddit. Shares have skyrocketed 250% since the start of 2021 alone and it seems that the only way for the stocks in the near future is up.How much is GameStop worth?
As of June 2021, The current estimated net worth of the company about $5 billion. GameStop has really done a lot for the growth of the entertainment industry. The company has established retail stores all over the world and has immensely earned a lot during their years in operation.What is the ticker symbol for GameStop?
GameStop trades on the New York Stock Exchange (NYSE) under the ticker symbol "GME.". GameStop announced a quarterly dividend on Thursday, September 6th. Investors of record on Tuesday, September 18th will be paid a dividend of $0.38 per share on Tuesday, October 2nd.