GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The stocks of the company had skyrocketed from approximately 63 to 483. This occurred when many people decided to rebel against the power of Wall Street. For traders who have invested in GameStop stocks, they are currently experiencing sharp increases and declines in the company’s shares value.

The massive growth of trade value can be tracked down to the trend of buying the company’s stocks. According to Mr. Daumer, “Really the biggest part is once you see everybody buying shares day after day, and seeing it live on your own screen, and watching it go up.” “It follows the trend, you know? If that’s the trend, follow it and it makes you money.”

He was able to receive more than 65,000 from the stock’s profit. However, not everyone is lucky, and the share price decreased by 72%. Jaydyn Carr, a fifth-grader from San Antonio, received GameStop from his mother which was worth about 6, is now worth over 3,000; the value increased more than 5,000%. Many people could be hesitant to invest in GameStop’s stocks.

Before they do so, they should consider trading restrictions imposed by Robinhood and other brokerages that limited investors’ ability to buy GameStop’s shares played a major role in the decrease in the value of the shares.

We finally come to the conclusion; should people invest in GameStop stocks? Many people invest in stocks due to trends rather than extensive times of stock study, etc. Some may state that they have made considerable amounts of money after their investments due to trends.

However, they should consider that many people lose money because of trends and a sharp decline in value. People should invest after their studies and thoughts on the future of their investments.

Junsun Ho
Yorba Linda High 9th Grade

<Junsun Ho>