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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With GameStop Shares?

GameStop US Federal Reserve GameStop Corp GME NYSE

Shares of several companies in the retail & apparel sector, including GameStop Corp. (NYSE:GME), are trading higher amid overall market strength as traders assess Fed policy outlook, rising Treasury yields and quarterly earnings reports.

GameStop shares have also experienced marked strength over the past month, trading higher by 60.19%, despite continued concerns over Fed tapering in order to combat inflation. GameStop shares saw heavy volume in March and were trading sharply higher throughout the month after Chairman Ryan Cohen purchased after 100,000 additional shares of the company’s common stock.

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