GameStop Stock Soaring high in the midst of Pandemic

According to Yahoo Finance, GameStop shares saw an increase of 57% on Wednesday. This skyrocketed price was influenced by new board members from RC Venture as well as the game market in Holiday season. Wall Street had a big momentum with over the 50% gains of the share.

Young adults and teens eagerly gobbled up the PlayStation 5 and Xbox Series X consoles upon release. Some computer gamers found that their games were not in stock due to increased demand during the pandemic.

It seems that under the pandemic, consumer trends have changed and have skewed to release their stresses first using forms of entertainment: such as PJs and video games over office clothing, and finding ways to talk to people playing video games. This make more sense to them.

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