GameStop’s shares started to rise late last year, after the founder of the pet-supply site Chewy bought a stake in the company and got a spot on its board. What Is Going on With GameStop? WHAT IS HAPPENING WITH GAMESTOP’S STOCK? GameStop stock is on the rise, and a Reddit group called WallStreetBets is at the heart of an unusual meteoritic rise in price. Bridget Casey, CEO of Money after Graduation, explains what is happening with GameStop stock and why it's such a big deal. So we come back to GameStop ( NYSE: GME); this guy with no hedging whatsoever, decides that he is going to take a big short position in this stock. Let me know in the comments what you think of everything going on with Gamestop and what your predictions are for it. GameStop — (Abbreviation: GME) GameStop is a chain of stores in the video game industry. What is happening with GameStop’s stock? Thanks to some financially savvy Redditors, and a push from Elon Musk, a number of flailing companies, including GameStop… After sitting around $18 three Fridays ago, it doubled in four days. GameStop sells new and used video games and video game consoles along with accessories and collectible items. The video game store sits at the center of a dramatic “short squeeze” that has market watchers wondering whether stock trading could forever be changed. On Thursday, it reached a high of $470 ― which is weird, because the increase has not been driven by astonishingly good performance on the company’s part. GameStock’s stock, ticker symbol GME, has been maniacal this month. A year ago, it was trading under $4. So what is happening with GameStop? It’s been maniacal this month. And you know what? The retail traders see what’s happening and they say hey, let’s juice this stock. … Even if you never pay attention to stock market news, you have probably gotten the sense that something unusual is happening right now, and it has to do with something called GameStop. Meme Stocks Explained. Barstool Sports Founder Dave Portnoy joined FNC's Tucker Carlson to discuss exactly what is happening between GameStop investors and the popular app Robinhood. Everybody buy a thousand shares in a minute. The video game retailer’s stock price has seen a nearly 2,000% increase since the start of January. After sitting around $18 three Fridays ago, it doubled in four days. GameStop stock is surging, thanks in part to retail investors coordinating on Reddit. Heart of an unusual meteoritic rise in price sells new and used video games video., and a Reddit group called WallStreetBets is at the heart of an unusual rise. 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