Connect with us

Gaming

GameStop And AMC In 2021: What You’d Have Today If You Invested $10K

Avatar of AlishbaW

Published

on

GameStop And AMC In 2021: What You'd Have Today If You Invested $10K

(CTN News) – The GameStop Stores (GME) are the world’s largest retail gaming and trade-in destination for Xbox, PlayStation, and Nintendo games, systems, consoles, and accessories.

In the entertainment industry, AMC Entertainment Holdings Inc (AMC) is regarded as one of the most successful and largest exhibitors in the country as well as in the world.

It has been reported that GameStop reported net sales of $1.078 billion for Q3 2023, while AMC has reported revenues exceeding $1.4 billion for Q3 2023 for its quarter.

Here’s how much you’d have today if you invested $10,000 in GameStop and AMC in 2021, assuming you held onto your initial investments and held onto them:

During the beginning of February 2014, GameStop had a stock price of around $8.74 per share. The investment of $10,000 made in February 2014 would be worth approximately $16,224.25 by the time February 13, 2024 comes around, which represents a healthy gain of 62.2426%.

AMC is currently trading at an average price of $215 a share according to the stock market in February 2014. As of February 13, 2024, an investment of $10,000 made in February 2014 would be worth approximately $210.32, a loss of 97.8977%, which represents a significant decrease in value.

AMC’s stock price hovers around $4.52 per share at the time of this writing (February 13, 2024), while GameStop’s stock price hovers at around $14.18 per share at the time of this writing.

A $10,000 investment in GameStop 10 years ago would have panned out much more financially than a $10,000 investment in AMC, which happened to be the same amount of money.

I think it’s important to point out that both GameStop’s stock price and AMC’s stock price were affected by the “meme stock craze” a few years back.

There was a lot of social media speculation about the stocks that inflated the stock prices to a high of $125.75 per share and $649.60 per share as a result of this hype. Since the year 2021, those stocks have seen a dramatic drop in price.

SEE ALSO:

Free Fire Redeem Code Today 17 February 2024 (100% Working)

Continue Reading

CTN News App

CTN News App

Recent News

BUY FC 24 COINS

compras monedas fc 24

Volunteering at Soi Dog

Find a Job

Jooble jobs

Free ibomma Movies