A man wearing a face masks leaves Game Stop with the new Play Station 5 gaming console on Black Friday.
Credit: Aimee Dilger/SOPA Images/LightRocket/Getty Images
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The strange but true reason why GameStop's stock keeps surging
GameStop is expected to lose money this year and next year. Sales growth is sluggish as fewer gamers need to go to stores — or even shop online — when they can download new titles directly from their consoles, PCs, phones or tablets. So why are shares of the video game retailer up more than 275% so far in 2021?
