What is GameStop & how does it work?

First, let's get the basics sorted. What is GameStop? GameStop is an American high street shop that sells games, consoles and other electronics. The sort of thing you'd find between a doughnut shop and a makeup retailer in an American mall.

Is GameStop stock a good buy?

GameStop stock has received a consensus rating of sell. The average rating score is and is based on 0 buy ratings, 0 hold ratings, and 7 sell ratings. What was the 52-week low for GameStop stock? The low in the last 52 weeks of GameStop stock was 12.59. According to the current price, GameStop is 104.92% away from the 52-week low.

What happened to GameStop stock on February 1 & 2?

On February 1 and 2, the stock price for GameStop declined substantially, losing more than 80 percent of its value from its intraday peak price, recorded during the previous week. GameStop shares lost 60 percent of their value on February 2, closing below $100 for the first time in a week.

What happened to GameStop's public float?

Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further.