How to buy GameStop (GME) stock
In early 2021, the Texas-based video game retailer GameStop dominated the financial news when its stock price skyrocketed amid a buying frenzy. If you missed out on the initial GME rush and are thinking of buying shares now, consider opening a stockbroker account now.
How to buy GameStop (GME) stock with a brokerage account
GameStop (GME) trades on the New York Stock Exchange under the GME ticker. Any investor can buy GameStop stock through a broker. If you don’t already have a brokerage account, you’ll need to set one up before you start trading. Full-service brokers, such as Charles Schwab, Edward Jones and Fidelity Investments, are a better option for investors who need professional investment advice or require support to stay on top of their financial planning outside of investing. Online/discount brokers, on the other hand, do not provide any investment advice and are basically just order takers. However, they are much less expensive than full-service brokers, since there is typically no office to visit and no certified investment advisors to help you. Robinhood, eToro, Webull, Interactive Brokers are some top discount brokers which are particularly useful to investors and traders who actively buy and sell securities on a frequent basis.
Keep in mind that if you can’t afford a full share of GME or other stocks, online brokerages allow you to invest in fractional shares. Using this option, you can invest any dollar amount in GME stock.
GameStop is the world’s largest video game retailer and now operates 4,000 stores and e-commerce properties across 10 different countries. The company prides itself on receiving used video games, consoles and other devices, and then refurbishing them at global refurbishment operations centers throughout North America, Europe and Australia.
Should I buy GameStop stock today?
Despite the company’s recent financial turbulence, GameStop shares surged in early 2021 as retail traders pushed the stock price upward and squeezed short-sellers who had bet on the company’s demise. GameStop shares shot up to an all-time intraday high of $483 on Jan 28, 2021 before tumbling to $38.50 on Feb 19. While GME’s dramatic price surges and drops have attracted scores of investors and dominated the financial headlines, you’ll have to determine whether the stock is a fit for your portfolio and risk tolerance.
