1 Key Short-Term Catalysts GameStop Stock Investors Are Waiting For.

The Meme Power Push
GameStop stock today is highly sensitive to the sentiment of its shareholders, and many traders see the volatility of the stock as an interesting target for short-term trades. GameStop is still the top ticker of discussion on social media, which shows that the popularity among individual investors is still very high.

The beta of GameStop's one-year period is 1.75, indicating that the stock is highly correlated with market trends, unlike last year, when it traded with a negative beta.

GameStop shares continue to be heavily short-sold. About 23% of its float is currently being shorted. Such high numbers put the stock in a short-squeeze alert, especially when buyer volume suddenly rises due to specific catalysts.

Today, it is believed that a large portion of GameStop's float is owned by retail investors. The extreme volatility correlated to broad market trends put catalysts like a stock split in the form of a dividend and the announcement of the NFT marketplace as strong stock movers.