Video game phenom: GameStop stock is soaring - here's why
GameStop is expected to lose money this year and next year. Sales growth is sluggish as fewer gamers need to go to stores -- or even shop online -- when they can download new titles directly from their consoles, PCs, phones or tablets. So why are shares of the video game retailer, up more than 450% so far in 2021, including a 60% surge Monday?