If there is one thing that we have learned from this pandemic, it’s that the days of browsing store shelves in person are long gone.
When we have items delivered right to our door, movies streamed right to our TVs, and meals sent with portions measured out, ready to assemble, it’s an inconvenience to make a trip to an actual store.
That’s why the jump in GameStop (GME) that is making headlines across the globe is coming as a major surprise to traditional investors.
GME‘s stock has been in a major decline since 2015 – and in less than five days, the stock has rallied nearly 180% — jumping from $40 during the trading day on Monday up to over $120.
Today, the stock is trading around $147 – well above the 52-week low of $2.57.
The company faced major backlash from stockholders this year when they didn’t do anything to adapt to this new world of “shopping from home” – which is why this spike is coming as a major surprise.
Nobody is going into the stores to buy games when people can download the games straight to their consoles, so where is this interest coming from?
And if you’re anything like me, your next question is: How can I profit?
In the video below, not only will I give some insight to who is responsible for this stock surge, but I am going to give you the top three plays to make money on GME.
Let’s get to it…