The Miami Entrepreneur

GameStop stock rises again, and is on course for the longest win streak in more than a decade

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Shares of GameStop Corp. rose 1.2% in premarket trading Monday, which puts them on course for the longest win streak in 12 years. The videogame and consumer electronics retailer’s stock rallied 6.7% on Friday for a ninth-straight gain, which was the longest since the nine-day stretch that ended Nov. 29, 2017. A tenth-straight gain would be the longest win streak since the 10-day streak that ended April 20, 2010, which matched the record 10-day streak that ended July 12, 2005. During the current nine-day streak, GameStop’s stock had soared 94.5% amid renewed interest from the “meme-stock” crowd. The stock has gained 2.4% year to date through Friday, but has dropped 16.1% over the past 12 months, while the S&P 500 has lost 4.7% the past three months but gained 14.3% the past year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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