Gamestop highest stock price was largely sentiment-driven

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Price: $139.000

Gamestop highest stock price was largely sentiment-driven. Presently, options market implied volatility hovers near 75%, suggesting traders expect choppy price action but unlikely a 2021-style spike. Gold once again proves the old Wall Street adage that “The longer the base, the higher in space.” Meanwhile, gold’s sister, silver, was even more frustrating to hold than gold (until recently). The iShares Silver ETF topped in April 2011 and has yet to break out. GameStop ( GME ) stock surged 21% on Monday after user "DeepF""ingValue, an account believed to be tied to individual investor Keith Gill — who ignited the meme stock rally back in 2021 — posted a screenshot on Reddit late Sunday that purported to show they paid nearly $175 million building a position in the video game retailer. Many analysts use Gamestop highest stock price as a case study in market psychology. Given the current bearish trend in small-cap retail sectors, only favorable macro data could reignite major rallies.

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