BetOnline has posted a cross-sport Super Bowl prop surrounding the video gaming retailer GameStock.
What will be higher?
GameStop Price close Friday Feb 5th -120
Tom Brady Passing Yards Super Bowl LV -120
The struggling video game retailer’s stock has been making stupefying moves this month with the frenzy hitting new heights Thursday when several trading platforms limited their customers from making certain trades with GameStop.
WHAT IS HAPPENING WITH GAMESTOP’S STOCK?
It’s been maniacal this month. After sitting around $18 three Fridays ago, it doubled in four days. It kept shooting higher, before nearly doubling on Tuesday and then more than doubling again on Wednesday to $347.51. On Thursday, it gave back a chunk of those gains and finished the day at $193.60, down 44%. But it’s still up an amazing 928% through the first few weeks of 2021.
Enthusiasm has grown for GameStop’s prospects after the company said earlier this month that a co-founder of Chewy, the online seller of pet supplies, was joining its board. Investors see Ryan Cohen helping GameStop’s digital transformation. But analysts still expect GameStop to keep losing money in its next fiscal year.
– Ean Lamb, Gambling911.com