April 25, 2024
Investments

If You Had Invested $10K in GameStop and AMC in 2021, Here’s How Much You’d Have Today


SiljeAO / Shutterstock.com

SiljeAO / Shutterstock.com

Investing in the stock market is one of the most common ways to grow your money. In recent years, two stocks in particular have gained popularity among investors.

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Read: 6 Genius Things All Wealthy People Do With Their Money

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 exhibitor in the United States and in the world. GameStop reported net sales of $1.078 billion for Q3 2023 and AMC reported revenues exceeding $1.4 billion for Q3 of 2023.

Assuming you held onto your initial investments, here’s how much you’d have today if you invested $10,000 in GameStop and AMC in 2021:

In February 2014, GameStop’s stock price was around $8.74 per share. A $10,000 investment made in February 2014 would be worth approximately $16,224.25, or a healthy gain of 62.2426%, as of February 13, 2024.

In February 2014, AMC’s stock price was around $215 per share. A $10,000 investment made in February 2014 would be worth approximately $210.32, an unfortunate loss of 97.8977% decrease, as of February 13, 2024.

As of February 13, 2024, GameStop’s stock price hovers at around $14.18 per share and AMC’s stock price hovers at around $4.52 per share, respectively. As it turns out, $10,000 invested in GameStop 10 years ago would have panned out much better financially than the same $10,000 investment in AMC.

Learn: I’m a Financial Advisor: I’d Invest My First $5,000 in These 6 Stocks

It’s worth noting that both GameStop and AMC’s stock prices were a part of the “meme stock craze” several years ago. Social media speculation about the stocks created a lot of hype and inflated the stock prices to a high of $125.75 per share and $649.60 per share, respectively. Those stock prices have decreased dramatically since 2021.

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This article originally appeared on GOBankingRates.com: If You Had Invested $10K in GameStop and AMC in 2021, Here’s How Much You’d Have Today



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