are gamestop stocks still going up?

GameStop stock performance: Are GameStop stocks still going up?

Are you asking "are gamestop stocks still going up?" This guide answers that question with context and tools you can use right away. We'll summarize the meme-stock history that made GameStop (NYSE: GME) a household name, review how the share price has behaved recently (2024–2026), list the most important drivers and risks, and show which metrics and platforms to monitor for real-time status. By the end you should understand why the answer to "are gamestop stocks still going up" depends on timeframe, indicators, and the balance between retail sentiment and fundamentals.

Background and ticker information

GameStop Corp. (ticker: GME) is a U.S.-listed retail company primarily known for selling video games, consoles, accessories, and related collectibles through physical stores and online channels. GME trades on the New York Stock Exchange and sits in the consumer discretionary sector, with heightened public interest because of its unique retail-trader-driven history.

GameStop draws outsized attention because retail communities and social media amplified trading activity in 2021. That episode left a legacy of elevated volatility, recurring speculative interest, and frequent headlines asking whether are gamestop stocks still going up whenever the price spikes.

Historical context

2021 short squeeze and aftermath

In January 2021, GameStop experienced an extreme short squeeze driven by coordinated retail buying and heavy short interest held by some institutional funds. GME shares moved from single digits to intraday highs near $483 per share on January 28, 2021. As of multiple regulatory and market reports, short interest on GME at the time exceeded 100% of float in certain reporting periods, which amplified squeeze dynamics.

The mechanics: large short positions created a vulnerability; concentrated retail buying forced short sellers to buy to cover, which pushed the price higher and triggered further buying. The event prompted regulatory scrutiny, brokerage trading restrictions for certain accounts, and renewed debate about market structure, margin, and social-media-driven flows.

The immediate consequences included dramatic volatility, higher retail participation in equity markets, and enduring public interest in GameStop as a case study of retail market power.

Post-squeeze evolution (2021–2024)

After the squeeze, GME’s share price entered a long period of elevated volatility and episodic rallies rather than a stable trend. The company attempted operational pivots including digital initiatives, an NFT/collectibles marketplace pilot, and leadership changes intended to reposition the business. Periods of renewed retail enthusiasm produced sharp but usually brief price spikes. Over 2022–2024, GME remained highly sensitive to headline news, activist commentary, and updates about corporate strategy.

Recent performance (2024–2026)

Asking "are gamestop stocks still going up" in the 2024–2026 window requires attention to short-term spikes vs long-term trend. Coverage from several sources through January 2026 characterizes GME’s price action in recent months as choppy with intermittent rallies rather than a clear, sustained uptrend.

• As of January 15, 2026, Seeking Alpha reported GME as a "cash-rich holding company" with renewed discussion about valuation and strategic direction.
• As of January 15, 2026, Simply Wall St noted recent share-price swings and recommended reassessment given volatility and company developments.
• Community charting and technical commentary on platforms like TradingView show episodic volume surges around news events, with no consistent breakout above long-term resistance for several months.

Taken together, these reports imply that GameStop has not established a durable, long-term upward trend through early 2026. Instead, price action consists of sharp, short-lived increases tied to retail sentiment, corporate announcements, or macro news.

Recent earnings and fundamentals

Earnings and balance-sheet items matter for any assessment of whether are gamestop stocks still going up over a durable horizon. Recent reporting and analyst coverage through late 2025 and early 2026 highlighted the following themes:

• Revenues remained pressured by structural shifts in physical game sales; the company continued to report declines in some legacy retail metrics as customers shift to digital distribution.
• GameStop has intermittently emphasized cash preservation, with analysts and coverage describing the company as holding a material cash position relative to liabilities (see Seeking Alpha Jan 15, 2026 coverage for a cash-focused valuation angle).
• Profitability has been uneven; many quarters showed operating challenges and one-off items related to restructuring, store closures, or investments in new initiatives.

As of recent quarters, fundamentals alone have not convinced the market that GME will sustain a long-term growth run; instead, fundamentals have formed part of a mixed narrative that supports multiple valuation interpretations.

Operational developments

Operationally, GameStop has taken steps to reduce costs and reorient offerings:

• Store closures and footprint optimization: Management has announced periodic store closures and reductions in retail operating expenses to align with lower in-store traffic.
• Strategic pivots: The company has pursued collectibles, trading-card-focused inventory, and prior experiments with a digital collectibles marketplace. Execution risk on such pivots remains a key investor concern.
• Workforce adjustments: Layoffs and restructuring rounds were reported in line with efforts to reduce recurring costs.

Industry observers and outlets such as Ars Technica (Jan 12, 2026) and GameSpot (Dec 10, 2025) have covered these operational trends, underscoring the uncertain near-term outlook for revenue growth even as some investors focus on balance-sheet strength.

Market drivers and catalysts

When evaluating "are gamestop stocks still going up," consider three broad driver categories.

Retail/meme-stock sentiment and social media

Retail communities and social platforms remain a critical driver of abrupt GME price moves. Even after 2021, online forums can quickly concentrate buying interest and create short-lived price runs. This means that abrupt spikes can occur without material changes to fundamentals. Monitoring social sentiment, options-volume anomalies, and sudden spikes in retail trading is essential for real-time answers to "are gamestop stocks still going up?"

Corporate actions and management incentives

Corporate governance events can act as catalysts. Large equity awards to management, convertible instruments, outstanding warrants, or secondary offerings create dilution risk that can weigh on price. Conversely, share buybacks or credible turnaround plans can support investor confidence. Coverage in early 2026 highlighted executive compensation and corporate maneuvering as items that investors watch closely.

Macroeconomic and sector factors

Broader market trends—risk appetite, interest rates, and equity market sentiment—affect speculative and small-cap stocks disproportionately. Within the gaming sector, the shift from physical retail to digital storefronts remains a structural headwind for GameStop’s legacy model. Any recovery in GME that persists beyond a headline-driven spike would likely need to align with evidence of operational momentum or a material corporate transaction.

Technical indicators and trading metrics

For traders and those asking "are gamestop stocks still going up" on a tactical basis, technicals and trading metrics are often the quickest way to form a view.

Price charts, volume, and moving averages

• Moving averages: Compare short-term (e.g., 20- and 50-day) to long-term (200-day) moving averages to see whether the stock is in an uptrend or downtrend. Crosses of the 50-day above the 200-day (a "golden cross") are bullish technical signals; the opposite (a "death cross") is bearish.
• Volume: Price moves accompanied by higher-than-normal volume are more meaningful. Sudden volume spikes on positive news or retail flows can indicate transient momentum.
• Support and resistance: Identify recent highs and lows; sustained breaks above resistance with follow-through volume can indicate a more durable move.

Technical platforms and community charting (TradingView) provide real-time overlays for these indicators and are commonly used by traders to answer short-term questions like "are gamestop stocks still going up?"

Volatility and short interest

• Volatility metrics (e.g., ATR, implied volatility from options) show how large daily moves tend to be. GME has historically shown elevated volatility compared with large-cap names.
• Short interest: High short interest historically made GME susceptible to squeezes. While short interest was extreme in 2021 (exceeding 100% of the float in some reports), current short-interest levels fluctuate and should be checked on the latest regulatory/market data.

High volatility and elevated short interest make directional calls riskier and increase the chance of rapid reversals.

Analyst views and price forecasts

Analyst coverage and price forecasts for GME vary substantially. Different methods produce different conclusions:

• Fundamental analysts using discounted cash flow (DCF) or asset-based valuations sometimes point to upside if GameStop redeploys cash effectively and reduces operating losses.
• Others highlight operational risk and structural decline in physical retail, arguing for conservative valuations.
• Retail and quant forecasts (including community-driven models and automated prediction services) often show wide dispersion and short-term volatility.

As of January 15, 2026, Seeking Alpha and Simply Wall St presented contrasting takes: Seeking Alpha emphasized cash and potential upside under certain scenarios, while Simply Wall St urged reassessment after volatile price swings. This spread of opinions underscores that price forecasts for GME are highly model-dependent.

How to monitor current status (real-time checking)

If you want to know whether are gamestop stocks still going up right now, use reliable, up-to-date tools and watch key metrics.

Recommended data sources and methods:

• Broker quote pages for live bid/ask and intraday trading volumes.
• Market pages for consolidated quotes and historical data.
• Charting platforms (candles, moving averages, RSI, MACD) to identify trend posture and momentum.
• Social-sentiment trackers and options-flow monitors to detect sudden retail interest.
• Company filings and press releases for official corporate actions that could affect fundamentals.

Key metrics to watch in real-time:

• Current price and intraday percent change
• Daily trading volume vs average volume
• 50-day and 200-day moving averages
• Short interest and any significant changes in reported short positions
• Latest earnings, cash position, and balance-sheet items
• Company announcements, executive filings, or dilutive capital raises

Platforms mentioned in coverage (Robinhood for quotes, TradingView for charts, Yahoo Finance and Seeking Alpha for news and analysis) are commonly used to monitor these indicators. For active traders, set alerts on price, volume thresholds, and news events.

Risks and considerations for investors

When evaluating whether are gamestop stocks still going up, keep these major risks in mind:

• Structural decline of physical game sales and the difficulty of pivoting to higher-margin digital business.
• Execution risk on any new initiatives like collectibles marketplaces.
• Dilution risk from warrants, convertibles, or secondary offerings.
• Dependence on retail momentum and social-media amplification, which can reverse quickly.
• Macro risks and liquidity-driven volatility that disproportionately affect small-cap and speculative stocks.

Remember: meme-stock dynamics can produce rapid, unpredictable price moves. Historical performance is not predictive of future returns. This article is informational and not investment advice.

Answering the question: "Are GameStop stocks still going up?"

Short answer: It depends on the timeframe and indicators you use. As of mid-January 2026, reporting from multiple sources indicates GameStop’s price action has been choppy with intermittent rallies rather than a sustained, long-term uptrend. Retail-driven spikes still occur, but fundamentals and operational headwinds leave the outlook mixed.

Longer explanation:

• If you mean "still going up" as a sustained, multi-quarter uptrend supported by improving fundamentals, evidence through early 2026 does not clearly support that case. Fundamentals—revenue trends and structural retail headwinds—remain a constraint.
• If you mean "still going up" in the short-term trading sense, the answer can be yes for discrete windows. Sudden interest from retail communities or news can create brisk upward moves that last days or weeks.

Objective ways to frame the question: define the time horizon (intraday, weekly, multi-quarter), pick indicators (moving averages, volume, cash position), and check current short interest and corporate filing activity. Doing so will give a defensible answer to whether are gamestop stocks still going up at this moment.

Frequently asked questions (FAQ)

Q: What drove the original 2021 surge? A: The January 2021 surge was driven by concentrated retail buying into a heavily shorted stock, producing a classic short squeeze. GME reached intraday prices near $483 on Jan 28, 2021.

Q: Can retail sentiment cause another big run? A: Yes—retail communities and social media can drive abrupt rallies. However, such runs are often short-lived unless reinforced by improving fundamentals or meaningful corporate action.

Q: What fundamentals matter most for GameStop? A: Revenue trends (especially in-store vs digital), gross margins, operating cash flow, balance-sheet cash, and any disclosed crypto or alternative-asset holdings matter. Dilution risk from equity raises or convertible securities is also important.

Q: Where can I find short interest data? A: Short interest is reported by exchanges and consolidated data providers on scheduled reporting dates. Watch official short-interest reports and platform summaries to track changes.

Q: Is this article investment advice? A: No. This is informational content summarizing published coverage and commonly used indicators. It does not recommend buying or selling GME.

References

• Seeking Alpha — "GameStop: A Cash-Rich Holding Company Is A New Kind Of Growth Investment" (reported Jan 15, 2026)
• Simply Wall St — "Is It Time To Reassess GameStop (GME) After Its Recent Share Price Swings" (reported Jan 15, 2026)
• Ars Technica — "Is this the beginning of the end for GameStop?" (reported Jan 12, 2026)
• StockInvest.us — "Gamestop Stock Price Forecast. Should You Buy GME?" (coverage on price forecasts and technical outlook)
• Robinhood — GameStop stock page (real-time quotes and news summaries)
• TradingView — GME chart and community technical analysis (live charting and indicators)
• GameSpot — "GameStop's Struggles Continue" (earnings coverage, reported Dec 10, 2025)
• Yahoo Finance — GME quote and company profile (market data and historical charts)
• Wikipedia — "GameStop short squeeze" (background on January 2021 event)
• CoinCodex — GME price predictions and short-term forecasts (retail/aggregated forecasts)

Further reading

• Short selling and short squeezes: primer articles and exchange guides
• Retail trading platforms: summaries of how retail order flow can affect small-cap stocks
• Company filings (SEC): Form 10-Q, Form 10-K, and DEF 14A for governance and dilution details

Tools and next steps

If you want to monitor whether are gamestop stocks still going up in real time, set up the following checklist:

1. Add GME to your watchlist on a charting platform and enable price and volume alerts.
2. Track the 50-day and 200-day moving averages and watch for sustained breaks with volume confirmation.
3. Monitor official short-interest reports and options-volume spikes.
4. Read the latest earnings release and company filings for cash position and dilution items.
5. Follow reputable news summaries and long-form analysis from financial outlets.

For traders and active watchers, Bitget’s market tools and Bitget Wallet can help you keep track of news, alerts, and account-level execution in a single interface. Explore Bitget features to set alerts and follow asset news.

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Want step-by-step alerts and chart setups to answer "are gamestop stocks still going up" quickly? Explore Bitget’s educational resources and market tools to build real-time watchlists and alerts tailored to your time horizon. Keep monitoring verified sources and company filings for the most up-to-date picture.

As of January 15, 2026, multiple outlets described GME’s price action as volatile and mixed; for current status, consult live market data and the checklist above.