Is It Time To Reassess GameStop (GME) After Its Recent Price Swings?
- If you are wondering whether GameStop’s current share price reflects its true value, you are not alone. This article will focus on what the numbers say about the stock rather than the hype around it.
- Recently, the share price closed at US$23.57, with an 11.7% gain over 30 days, a 14.3% return year to date, a 5.0% decline over 7 days and an 11.6% decline over the past year. The 3-year and 5-year returns sit at 15.4% and 112.1% respectively.
- These moves have kept GameStop in the spotlight, as traders and longer term holders react differently to shorter term swings and multi year returns. Even without a single headline event driving the price, the stock continues to attract attention as investors reassess what they are willing to pay for…
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