Skip to main content

Understanding GameStop: What This Seasoned Investor Needs to See From WallStreetBets

Publish date:
Video Duration:

If I were ten years younger, there would only be one word I could use to describe this move in GameStop  (GME) - Get GameStop Corp. Class A Report, it would be: epic. 

Ugh. I know. That word was so overused by my generation, it hurts to type. But let's be real--GameStop's 52-week low is $2.57. $2.57!! Want to guess its high is?

$380. Yep, you read that right.

The stock is up 8,000%  over the past year, and it's up 755% in the past five days.

This move has been unprecedented, especially since it's been driven by Reddit's r/WallStreetBets. The investors on the subreddit believe that the stock can not only survive, but also for it to thrive. 

However, Kenny Polcari, managing partner at Kace Capital Advisors, isn't as sold on the turnaround story. But, he's open to hearing a thesis from anyone who feels bullish on the stock. 

You can follow Katherine Ross on Twitter @byKatherineRoss. Read more from Katherine Ross here.

Latest Videos From TheStreet and Jim Cramer:

Related Videos