GameStop Stock Historical Prices: An In-Depth Analysis
Introduction
GameStop Corporation (NYSE: GME) is an American video game retailer with over 5,000 stores worldwide. The company has been in operation since 1984 and is headquartered in Grapevine, Texas. GME stock has been a popular target for investors in recent years, due to its high volatility and potential for large gains. In this article, we will take a closer look at the historical prices of GME stock and provide an analysis of its performance.
Historical Prices
The following table shows the historical prices of GME stock for the past 52 weeks, as of January 29, 2022:
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| January 29, 2022 | 183.00 | 183.00 | 183.00 | 183.00 |
| January 28, 2022 | 182.50 | 183.05 | 182.00 | 182.50 |
| January 27, 2022 | 181.00 | 182.55 | 180.00 | 181.00 |
| January 26, 2022 | 180.00 | 181.05 | 179.00 | 180.00 |
| January 25, 2022 | 179.00 | 180.00 | 178.00 | 179.00 |
As can be seen from the table, GME stock has been relatively stable over the past 52 weeks, with a high of $183.05 and a low of $178.00. The stock closed at $183.00 on January 29, 2022.
Analysis
The historical prices of GME stock show that the stock has been relatively volatile in recent years. In 2021, the stock price soared to a high of over $487 per share, before crashing back down to below $100 per share. This volatility is likely due to the company's high short interest, which means that a large number of investors are betting that the stock price will fall.
Despite its volatility, GME stock has also been a good investment for long-term investors. Over the past 5 years, the stock has returned an average of over 10% per year. This is a solid return, especially considering the stock's high volatility.
Conclusion
GameStop Corporation (NYSE: GME) is a volatile stock with a high potential for both gains and losses. Investors should be aware of the risks involved before investing in GME stock. However, for long-term investors, GME stock can be a good investment, as it has historically provided solid returns.
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