From the course: Understanding Capital Markets

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GameStop and the meme stocks

GameStop and the meme stocks

From the course: Understanding Capital Markets

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GameStop and the meme stocks

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- [Instructor] At the height of the pandemic, struggling retailer GameStop became a household name as a meme stock. Let's take a look at what happened and why it affects investors even to this day, so I'm here at nyse.com, and I've just pulled up the ticker page for GameStop, and I like the NYSE because it gives kind of a nice clean view of stocks. It has some nice options to kind of add in for charts and things like that, different filters that we can apply, for example, kind of change the nature of the chart, but that's secondary to the bigger point here, which is looking at GameStop over time, so here's GameStop stock from 2015 through 2024, and what you observe is in the years leading up to the pandemic, GameStop's stock was trading at anywhere from maybe as much as 10, $11 per share to as little as a dollar or two. Then look what happened, so here we are in August of 2020. Stock starts accelerating, and it's gone from a price of about $2.50 cents there in August, September, comes…

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