27 January 2021, 8:38 pm EST By
There has been quite a lot of buzz this week regarding an unexpected surge in stock of a particular gaming company, GameStop Corp as its shares have surged in price. Back in April, the video game retailer was trading at just $2.80 but on wednesday, it had suddenly hit $380. Reddit is now obsessed with it while Elon Musk also tweeted about people that are making a huge amount of money on just a single stock.
Why did GameStop stock go up?
The growing behavior is said to repeat yet again as Reddit posters are now already searching for the next company that they can pounce on. According to the story by Bloomberg, shares of BlackBerry, AMC Entertainment, Express, and Bed Bath & Beyond have also soared high as well.