GameStop stock surge on report it will create NFT marketplace: here is where to buy it

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GameStop stock is slowly gaining ground after experiencing a free fall in November and December 2021. The current surge is because of reports that the retailer is planning to create an NFT marketplace.

To help stock traders eying to invest in the GameStop shares, Invezz has created a brief article on what it is and the best places to trade it.

To find out more, please continue reading.

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What is GME stock?

GME stock is the stock of GameStop Corp., and it trades on the New York Stock Exchange under the symbol NYSE: GME.

GameStop Corp, which is commonly referred to as GameStop, is an American video game and consumer electronics retailer. It is headquartered in Grapevine, Texas.

GameStop is the largest video game retailer in the world and it recently entered into a partnership with Loopring blockchain.

Should I buy the GME stock today?

If you want to invest in a video game, consumer electronics, and gaming merchandise retailer stock, the GameStop stock is a good choice.

However, you should note that the stock has been in a free fall in the last two months and the current surge is purely pegged on reports that it shall create an NFT marketplace.

GME stock price prediction

Analysts believe that the previous price decline has come to an end and they expect the stock to at least climb to above $140 before the end of January.

$GME stock social media coverage

GameStop Entering NFT and Cryptocurrency Markets as Part of Turnaround Plan; WSJ Exclusive

— db (@tier10k) January 6, 2022

Here we go again… $GME

— Dr. Parik Patel, BA, CFA, ACCA Esq. 💸 (@ParikPatelCFA) January 6, 2022

The post GameStop stock surge on report it will create NFT marketplace: here is where to buy it appeared first on Invezz.

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