This year and the next coming year, GameStop is expected to lose money. As fewer gamers need to go to stores or even shop online as they can download new games directly from their consoles, PCs, phones or tablets, sales growth is slow. Then why are the video game retailer’s shares up more than 275% so far in 2021?

A group of gamers and investors on Reddit backed the stock even if Wall Street investors argued that the GameStop stock price was unfair. The group planned mass investments and bought high quantities or merchandise. They did this to back the company to keep them afloat. In result the market price had gone up. At one point to $325 a share. Sometimes netting people thousands of dollars in return.

At one point the stock doubled, even being stopped a couple times. The stock finished the day at a 18% increase.

Not only did GameStop surge, other stocks, such as Dow Jones Industrial Average climbed 299 points to put it at 31,022 points. Also S&P 500 gained 27 points putting it at 3,857.

A company that has been struggling for a few years, Canada Goose has risen with holdings spiked 27%. Canada Goose had been on the slow decline since its peak in 2018. The company has been on a pacing increase showing the company a better future.

The Stock Market has been looking promising in 2021, will you be investing?