Items tagged with (nasdaq:gme)

It has been a tough slog to lay hands on the latest consoles from Microsoft and Sony. While the Xbox Series S can often be found online during "console drops" without much trouble, there's always a mad rush to obtain the more powerful Xbox Series X and PlayStation 5. GameStop, however, is looking to take advantage of this incredible demand for the consoles and leverage the desperateness of some gamers to obtain one. This week, the company announced that its PowerUp Rewards Pro members would receive priority access to Xbox Series S/X and PlayStation 5. While the standard PowerUp Rewards program is free for anyone to join, the "Pro" tier costs $14.99/year. PowerUp Rewards members began receiving... Read more...
Yesterday into today, GameStop stock soared up 163% to around $150 a share. This massive movement harkens back to the extreme GameStop stock increase we saw earlier this year, and it seems the Redditors with diamond hands at /r/WallStreetBets are at it again. In late January, Reddit users over at /r/WallStreetBets banded together to try and squeeze investors who had decided to short sell GameStop stock. What happened next was an amazing saga that led GameStop to rocket to around $350 a share and then fall back again. Furthermore, chaos ensued on the /r/WallStreetBets subreddit and Discord server with rumors of movie deals and moderation team coups. Now, could this roller coaster be happening... Read more...