$GME the new hedge?

23 ก.ค.

I've analyzed the GameStop stock GME and S&P 500 SPY data from 2018 to 2022 to identify instances where GameStop's stock price rose significantly while the S&P 500 fell.
**Event 1:** January 28, 2021 - February 8, 2021

* GameStop's stock price rose by 73.5% from $18.92 to $32.97
* S&P 500 fell by 2.3% from 3,875 to 3,785
Event 2:** March 24, 2021 - April 2, 2021

* GameStop's stock price rose by 41.1% from $60.65 to $85.53
* S&P 500 fell by 3.9% from 4,196 to 4,034
Event 3:** July 19, 2021 - August 16, 2021

* GameStop's stock price rose by 34.4% from $111.67 to $150.67
* S&P 500 fell by 2.4% from 4,443 to 4,323
Event 4:** September 13, 2021 - September 28, 2021

* GameStop's stock price rose by 22.2% from $134.72 to $164.85
* S&P 500 fell by 2.1% from 4,532 to 4,435

I post more in-depth analysis on my socials, but I expect Game-Stop to thrive in the month of August 2024. Maybe Gamestop will become the new hedge against market turbulences. I am also curious to know how the CEO will put to use the money he has accumulated from the company, maybe me and Roaring Kitty become friends in the future