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Investing in the stock market is one of the most popular ways to grow your money. Two stocks in particular have become popular with investors in recent years.
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GameStop (GME) is the world’s largest retail gaming and trade-in destination for Xbox, PlayStation, and Nintendo games, systems, consoles, and accessories. AMC Entertainment Holdings Inc. (AMC) is a leader in the entertainment industry and the largest theatrical company in the United States and the world. GameStop reported Q3 2023 net sales of $1.078 billion, and AMC reported Q3 2023 sales of more than $1.4 billion.
Assuming you keep your initial investment, here’s how much you’d get today if you invested $10,000 in GameStop and AMC in 2021.
As of February 2014, GameStop’s stock price was approximately $8.74 per share. His $10,000 investment made in February 2014 equates to approximately $16,224.25 as of February 13, 2024, or a healthy return of 62.2426%.
As of February 2014, AMC’s stock price was approximately $215 per share. His $10,000 investment made in February 2014 would be worth approximately $210.32 on February 13, 2024, a disappointing loss of 97.8977%.
As of February 13, 2024, GameStop’s stock price was approximately $14.18 per share, and AMC’s stock price was approximately $4.52 per share. After all, his $10,000 investment in GameStop would have produced much better financial results than the same $10,000 he invested in AMC 10 years ago.
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It’s worth noting that GameStop and AMC stock prices were both part of the “meme stock boom” several years ago. Social media speculation about the stock created a lot of hype, and the stock price soared to highs of $125.75 and $649.60 per share, respectively. These stock prices have fallen significantly since 2021.
GOBankingRates Details
This article originally appeared on GOBankingRates.com: How much would you have today if you invested $10,000 in GameStop and AMC in 2021?
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