GameStop Corp (NYSE: GME) jumped roughly 16% in the stock market on Wednesday morning as investors returned to retail favourites after a broad sell-off in cryptocurrencies, including Bitcoin. The GME hype sparked again in May, resulting in a more than 60% gain over the last two weeks.
If you see the recent price action as a start of a bigger short squeeze in the upcoming weeks and want to invest in GameStop to ride the wave, this guide is for you.
How and where to buy GME stock right now
Like all stock investments, you must have a verified account with a reliable stockbroker to buy GME shares online. Once registered, all you have to do is find the stock ticker and click on the buy button. Voila, you are not a stockholder of GameStop.
To get you started immediately without having to go through hours of research on the internet to find a reliable stockbroker, our experts recommend the following two as the safest and the most user-friendly online brokers to buy GME stock.
1. eToro
eToro has been serving traders from across the globe since 2006. It was the first online broker that introduced zero-trade commissions and launched copy trading services that catered to inexperienced investors. At one point, eToro secured the title of the world’s most valuable private companies.
Investing in GameStop is completely safe and convenient on eToro. You can get started right away by clicking on the link below:
2. Plus500
Plus500 debuted only a few years after eToro in 2008 and has since earned the title of one of the most reliable stockbrokers on the internet. The Israel-based global fintech company enables you to enter into a trade on GME that changes value depending on the direction in which the underlying stock moves.
Making an account on Plus500 to buy shares of GameStop is a matter of minutes. You can register yourself on Plus500 by clicking on the following link:
What is GME stock?
In the past 12 months, GameStop has gained an unprecedented 3,740% in the stock market, thanks to WallStreetBets, during which it costed mammoth hedge funds close to $13 billion in losses. GME shares, however, are still trading more than 30% down compared to their record high of $348 in the last week of January 2021. At the time of writing, GameStop is valued at $14.82 billion.
Will GME stock rise in value?
If only stock investments came with a 100% guarantee of return. Nonetheless, considering that GameStop is significantly down compared to its all-time high and that retail investors are catching interest in it once again, it can be speculated that the bull run in recent weeks might be far from over yet.
Social media reacts
The post Should I buy GameStop stock as the original ‘meme stock’ gains momentum appeared first on Invezz.
from USA – Invezz https://ift.tt/2SsF0qL
Wajeeh Khan
Click here to Join RICH DAD SUMMIT online with ROBERT KIYOSAKI - $1 Training for Passive Income: https://bit.ly/RichDadSummitWealthTraining
0 Comments