GameStop stock is slowly gaining ground after the recent plunge that happened between March 28 and May 10. It has gained about 18% over the past two weeks and it is poised to continue rising given its venture in crypto and NFT space after it unveiled its crypto NFT wallet.
The company is expected to launch its NFT marketplace during the second fiscal quarter of this year.
To help stock traders eying to invest in the GameStop shares, Invezz has created a brief article on what it is and the best places to trade it.
To find out more, please continue reading.
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What is GME stock?
GME stock is the stock of GameStop Corp., and it trades on the New York Stock Exchange under the symbol NYSE: GME.
GameStop Corp, which is commonly referred to as GameStop, is an American video game and consumer electronics retailer. It is headquartered in Grapevine, Texas.
GameStop is the largest video game retailer in the world and it recently entered into a partnership with Loopring blockchain.
Should I buy the GME stock today?
If you want to invest in a video game, consumer electronics, and gaming merchandise retailer stock that has ventured in the popular crypto and NFT industry, then the GME stock could be a good choice.
However, while the GME stock has registered significant gains over the past two weeks, it is generally trading 46% lower compared to its highs of 2021.
GameStop stock price prediction
Analysts believe GameStop entering into the crypto and NFT could bolster its performance especially since NFTs and crypto is a booming industry within the gaming industry of which GameStop is part.
Investors expect the GME stock to at least hit $100 by the end of the month as investors look forward to the launch of GameStop’s NFT marketplace.
$GME stock social media coverage
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