GameStop Stock Rises for Seventh Day, Hits Highest Level in a Month
GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.The stock was up 2.1% by just before noon, trading at $27.56. It's up 58% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.The current streak has sent the stock price up 16% for its best seven-day stretch since June and its highest price in a month. GameStop stock's highest close for the year so far was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.GameStop stock hit an intraday high for the year of nearly $65 in May on excitement o ver Roaring Kitty's return, before slipping. The stock is currently down 68% from a recor