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GameStop stock is playing by a set of rules you'll find in a casino more than an investment portfolio

Por: MarketWatch Business March 23, 2023

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In labeling GameStop a lottery-type stock, I’m referring to its past returns. The stock has what statisticians call a long right-hand tail — representing the small chance of winning big, like a lottery. To illustrate, consider GameStop’s daily returns over the month leading up to its latest earnings report. Its average daily percentage change over that period was a loss of 0.7%, with no daily return greater than 5.1%. But in the trading... + full article



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