Business
GameStop has 1 undeniable advantage
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
GameStop Corp (NYSE: GME) stock is the recipient of an extraordinary amount of attention lately. It is caught up in the middle of a buying frenzy that started on the Reddit forum subgroup r/WallStreetBets. At one point, the price for one share of GameStop stock rose a jaw-dropping 1,063% just in January. That increase was fueled in part by some investors scrambling to cover shares they held short.
Although the reason for the excessive GameStop share purchases and sales is more related to some (potentially lucrative and potentially damaging) quirks of stock trading, fundamentally GameStop as a company does have one…
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