What was the main reason for GameStop's stock price volatility in 2021?
Retail investors' buying power
Successful new product launch
Acquisition of a major competitor
Announcement of store closures
Answer
In 2021, GameStop's stock price experienced significant volatility due to the massive buying power of retail investors. This occurred after retail investors noticed that the short interest in the company's stock well exceeded the float, leading to a surge in buying activity and a subsequent increase in the stock price.
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