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Why GameStop Is Jumping Higher Today

·2 min read
Why GameStop Is Jumping Higher Today
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Shares of GameStop (NYSE: GME) are running 6.6% higher in morning trading Monday on no news particular to the video game retailer, though its stock remains one of the most mentioned tickers in internet stock chat rooms. GameStop was, of course, one of the original so-called meme stocks that elevated the stock's market value earlier this year, and though it has pulled back from those early highs, small retail investors remain committed to its turnaround. Chairman Ryan Cohen has a vision of GameStop turning into an e-commerce giant for the video game industry.