To The Moon

$GameStop(GME)$

Can anyone count outGameStop(NYSE:GME) at this point? It usually only takes a faint whisper to send GME stock rising or falling.

The stock continues to experience regular highs and lows depending on news related to the video game retailer. Over the past 52 weeks, the stock has been as high as $63.92 and as low as $19.40 per share. And that price factors in a 4-for-1 stock split that took place on July 21.

While analysts continue to write off GME stock and have anaverage targeton the shares of $17.50, representing 46% downside from the current share price of $31.66, many retail investors remain faithful to the original meme stock.

GME stock fell most recently,declining in sympathywith BBBY stock. The fact that Cohen is the chairman of GameStop didn’t help the stock as irate investors sought payback for the Bed Bath & Beyond collapse.

Prior to this recent selloff though, GME stock had risen 77% in the lead-up to the stock split in July. The share price also tends to gyrate when the company issues quarterly earnings, appoints new executives or when reports surface of significant purchases of the stock either inside or outside the company.

GameStop’s stock also tends to jump anytime comments reach a fevered pitch on ther/WallStreetBetswebsite.