Why GameStop Shares Are Soaring Higher Today

GameStop Corp. GME shares are trading higher by 13.4% to $272.24 Monday afternoon, potentially in anticipation of its first-quarter fiscal 2021 earnings results after the market closes on Wednesday, June 9.

GameStop shares are also trading higher in sympathy with shares of AMC Entertainment AMC. Both stocks have garnered an abundance of retail trader and investor attention throughout 2021.

See Also: AMC, Other Stonk Investors Should Watch For This Key Catalyst In Week Ahead, Says Analyst

GameStop is a U.S. multichannel video game, consumer electronics and services retailer. The company operates across Europe, Canada, Australia and the United States. 

GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites.

Editor's note: A previous version of this story incorrectly indicated GameStop shares were trading at the $282.24 level.