GameStop Inc. (GME) is a leading American gaming merchandise retailer. The company's focus on video games and consumer electronics provided an intriguing value thesis for investors looking for pandemic rebound plays last year. Given the fact this company was trading around $4 per share in mid-2020, many high-profile investors, such as Michael Burry, jumped aboard the value train. However, this stock has gone absolutely parabolic during a meme stock rally earlier this year. Currently, shares of GME stock trade above $200 per share, giving investors who have held since mid-2020 a 50-bagger. That's impressive. However, questions about whether this stock's valuation is justified at these levels persist.
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GameStop (NYSE:GME)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more GameStop Charts.
GameStop (NYSE:GME)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more GameStop Charts.