However, for some periods in GameStop's recent history, we've seen the rare case of a stock with a negative beta, or correlation to the market (in GME's case, the S&P 500).

GME Price Action: Shares of GME were down 5.57% at $17.45 at the time of publication, according to Benzinga Pro. Image by StockSnap from Pixabay ...

Shares of GameStop seem to have lost their previous erratic stock price movement as they have a 3-month return of 2.84% closing at $119.57 on May 2. Why is this important for GME stock now?

As of the fourth quarter 13F filings, about 143 million shares of GME valued at $4.5 billion were held by 356 funds. UBS Group AG increased its stake in the company by 1635% during the fourth ...

In the latest market close, GameStop (GME) reached $26.44, with a -0.56% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.39% for the day ...

GME stock, meanwhile, is trending on Twitter, in part because it was second in mentions on r/WallStreetBets in the past hour. Almost all tweets today have included both GME and AMC tickers.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips GameStop (NYSE: GME) is likely higher than even the upper end of its fair value, at $72.41 as of open on Monday, Feb. 8.