GameStop stock opened 2023 at $17.25 and rallied to a high of $27.65 on June 13.
The move was attributed by observers to the earnings report on March 21, when GameStop beat EPS expectations by 220%—a gain of $0.16 per share, compared to an expected loss of $0.13 per share. This sent the stock straight up the next day, resulting in a rally of almost 60% the next trading session. The stock reached an annual low of $11.82 just a few trading session...