If You Invested $1,000 In GameStop Stock When 'Dumb Money' Was Released In Movie Theaters, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
GameStop Corp (NYSE:GME) stock soared 74.40% to $30.45 after 'Roaring Kitty' returned to social media, marking a significant increase since the release of 'Dumb Money', a film based on the GameStop saga. The film, released by Sony Group Corp (NYSE:SONY) and later streamed on Netflix Inc (NASDAQ:NFLX), contributed to a renewed interest in GameStop, with the stock hitting new 52-week highs. An investment of $1,000 in GME at the time of the movie's release would be worth $1,687.12 today, outperforming the SPDR S&P 500 ETF Trust's return.
May 13, 2024 | 11:34 pm
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NEUTRAL IMPACT
Netflix Inc streamed 'Dumb Money', a film about the GameStop saga, after its theatrical release. The streaming may contribute to Netflix's content popularity, potentially impacting viewer engagement and subscriptions.
Netflix streaming 'Dumb Money' could enhance its content portfolio and attract viewers interested in the GameStop saga. While the direct impact on subscriptions is uncertain, it underscores Netflix's role in distributing culturally significant content.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Sony Group Corp released 'Dumb Money', a film based on the GameStop saga, which contributed to renewed interest in GameStop stock. The movie's release and subsequent performance may impact Sony's perception in the market.
While the direct financial impact of the movie 'Dumb Money' on Sony's stock is not clear, the film's contribution to the renewed interest in GameStop and meme stocks could indirectly affect Sony's market perception and highlight its role in popular culture.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
GameStop's stock surged 74.40% to $30.45, reaching new 52-week highs, following 'Roaring Kitty's' return to social media. The interest generated by the 'Dumb Money' movie and Gill's social media activities contributed to the stock's performance.
The significant surge in GameStop's stock price can be attributed to the renewed social media presence of Keith Gill, a key figure in the GameStop saga. The release of 'Dumb Money' and Gill's return have reignited interest in the stock, leading to a substantial price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100