GameStop
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$GME the new hedge?

I've analyzed the GameStop stock GME and S&P 500 SPY data from 2018 to 2022 to identify instances where GameStop's stock price rose significantly while the S&P 500 fell.
**Event 1:** January 28, 2021 - February 8, 2021

* GameStop's stock price rose by 73.5% from $18.92 to $32.97
* S&P 500 fell by 2.3% from 3,875 to 3,785
Event 2:** March 24, 2021 - April 2, 2021

* GameStop's stock price rose by 41.1% from $60.65 to $85.53
* S&P 500 fell by 3.9% from 4,196 to 4,034
Event 3:** July 19, 2021 - August 16, 2021

* GameStop's stock price rose by 34.4% from $111.67 to $150.67
* S&P 500 fell by 2.4% from 4,443 to 4,323
Event 4:** September 13, 2021 - September 28, 2021

* GameStop's stock price rose by 22.2% from $134.72 to $164.85
* S&P 500 fell by 2.1% from 4,532 to 4,435

I post more in-depth analysis on my socials, but I expect Game-Stop to thrive in the month of August 2024. Maybe Gamestop will become the new hedge against market turbulences. I am also curious to know how the CEO will put to use the money he has accumulated from the company, maybe me and Roaring Kitty become friends in the future
Fundamental AnalysisGME

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