Why GameStop Stock Popped 13% Today

“The Big Short” investor thinks the video game retailer could be a big ‘ol buy. What happened Shares of GameStop (NYSE:GME) have been hammered this year, falling from January highs approaching $16 to a new number about 75% lower — $4. But the video game retailer’s stock is getting a lift today, rising 13.4% as of…

Why GameStop Stock Popped 13% Today

“The Big Short” investor thinks the video game retailer could be a big ‘ol buy.

What happened
Shares of GameStop (NYSE:GME) have been hammered this year, falling from January highs approaching $16 to a new number about 75% lower — $4. But the video game retailer’s stock is getting a lift today, rising 13.4% as of 12:10 p.m. EDT, apparently boosted by two positive news items.  
First, details are filtering out about a round of layoffs at GameSt
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