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The downward spiral of meme stocks: GameStop’s 14 year run in the Fortune 500 comes to an abrupt halt


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Your 401(k), returns are being ruined by meme stocks. The S&P 500 index has increased 12.6% since the beginning of 2021. This would, if the year ended today, be a higher-than-average annual return. However, this is a small amount compared to the shares of GameStop(ticker: GME), which have risen a remarkable 1,218% over the same period.GameStop’s Fortune 500.Wednesday’s retail trading boom saw GameStop Corp share prices surge again.

What happened: 

The share price of GameStop increased by 353%, making it one of the 500 biggest companies worldwide. GameStop is now ranked as the 439th largest global asset on Assetdash.com. This site ranks stocks, ETFs, and cryptocurrencies according to market capitalization.

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GameStop has risen quickly due to the rally in shares. It passed 400 companies Wednesday. GameStop has passed 866 companies this week, and 1,667 in January. Each year, the Fortune 500 lists are compiled to rank the 500 most successful companies. This list ranks companies based on their annual revenue, not their market capitalization.

GME Price Change: 

GameStop shares closed Wednesday’s session with a close price of $347.50.

Your time is running out to access our #1 rated options trade alerts for just $1 Consider all the items you purchase that cost more than $1. Perhaps a cup of extra coffee or a subscription for a streaming service. Ask yourself if these purchases are really helping you build wealth or distracting you from your goals.GameStop’s Fortune 500. You are probably interested in earning more money to ensure your family’s financial security.

SEO Journalist, covering live and breaking news in United Kingdom.She also reports on the latest political news, social issues, treanding lifestyle and sports.She is passionate about making sure the region's stories get the very best coverage.


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