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Should You Buy GameStop Shares? Here's What the Experts Say
Posted
January 28, 2021
Views
679
Likes
9
Comments
2
Engagement
1.62%
January 28, 2021
679
9
2
1.62%
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6:22Now PlayingYou know hype can be dangerous. You know stock picking is risky, and you’re unlikely to beat the market consistently.
So you maxed out your 401(k) contributions, you bought some low-cost index funds. And you’re socking away cash for a rainy day.
And yet.
Your friends have been texting you about just one thing this week: GameStop Corp. Its share price has surged. Back in April, the brick-and-mortar video-game retailer was trading at $2.80. On Wednesday, it hit $380. Reddit is obsessed with it. Elon Musk tweeted about it. People are making some serious money off this single stock.
And it looks like this behavior could be repeated: Reddit posters are already searching for the next company to pounce on. Shares of AMC Entertainment, BlackBerry, Bed Bath & Beyond and Express have soared, too.
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