How To Buy Gamestop Stock?

Gamestop stock

Table of Contents


Gamestop is a brick and mortar retailer based in America; the company is specialised in making video games, electrical products and gaming merchandise. It is trendy over social media among the youths. However, the company merely exists in the form of a physical store on Wall Street. The GameStop is on Reddit, a social media platform just like Twitter. There the company had joined the wallstreetbets. It is a hedge used for betting against shares or any other financial instrument. 

On Wall Street, people discuss shares, stocks and investment-related topics. It is a group of more than four million members. The pandemic hit the company hard, and it decided to bet on wall street bets. As people were locked inside and no one was out shopping, the company faced huge losses. To overcome this situation, the company invested in as a hedge against the market fluctuations. 

What exactly do they do, and how can a trader buy the GameStop stock? It is a significant question, to know about the company and its trade practises let’s quickly drive-in. 


The company was first launched in Dallas in 1984 with a different name, Babbage’s and later in 1999 was named Gamestop. Gamestop co. is now headquartered in Grapevine, Texas, dealing in video games and other electronic products. As a video game company, it is a famous video game maker in the US and other countries. With stores around 4816 around the world. It has maximum stores in the United States with 3192; in Canada, it has 253 stores, 417 in New Zealand and Australia and 954 in Europe. 

As of January and February 2021, the company skyrocketed the share price within a couple of months. As a result, many traders invested in the company’s shares. The shares of the company are available online for traders and are traded on the New York Stock Exchange with the name of GME ticker. With the help of a reliable broker, any trader can invest in the company’s shares. 

Gamestop Success

The company had gained popularity in recent years in the trade sector, but from 2004 to 2016, it was famous in the US. The company took over Electronics Boutique in 2005, worth $1.44 billion, thus expanding its business over countries like Europe, Canada, New Zealand and Australia. After some years, in 2007, the company acquired Rhino video games, a giant video game seller in the southern-eastern United States. 

It gradually opened more stores and kept expanding its business. It had forty-two locations that were adjacent to the GameStop. The firm had a new CEO in 2010 named J. Paul. Raines replaced Daniel DeMatteo, who became the executive chairmen. Under their leadership, the company grew from $190 million as of 2011 to $600 million by the end of 2012. In between the years, the company acquired many companies and game stations. 

Here we have the list of video game stores or firms acquired by GameStop: 

  • EB games 
  • Rhino video games 
  • Free record shops
  • Stake of Jolt online gaming and Irish browser game studio 
  • Kongregate 
  • Spawn labs
  • Impulse 
  • BuyMyTronics 
  • 49.9% stake in Mac
  • Spring Mobile 
  • 163 RadioShack locations 
  • Geeknet
  • AT&T stores 

Gamestop Decline

The company faced a decline from 2016 till 2020 when the market fluctuations took place. The market changes with new downloadable games online like Playstations, Steam and Xbox etc. This led to a decline in the business of video games as people were able to download online games directly. The sale of Gamestop declined, and thus there was a financial loss. The management of the company changed with old leaders taking an exit, and new ones joined in. But, this also didn’t work well, and the sale of video games didn’t increase. 

It put much effort into the reorganisation of the team and laying off staff. It even had a partnership with R/GA to enhance its competitiveness in the market. But all its efforts were in vain due to the pandemic. However, in 2021 it gained popularity online on social media platforms and had a high share value in January 2021. 

How to buy the shares of Gamestop?

Buying shares with Gamestop is profitable due to its increased market worth. Therefore, traders or investors can purchase the number of shares they want of the company and trade in the market. Here, we have the steps of buying the shares of Gamestop: 

  • Brokers

Finding a trusted and authorised broker is the first step towards share purchase. If the broker is licensed to trade online and has good security facilities, traders should consider them. Then traders should check on the exchanges that are available with the broker. As all brokers do not have access to the GameStop stock. So, traders must confirm before going for any broker—New York stock exchange (NYSE) in the US stock exchange that has GameStop stock for investment. So, traders should first examine that broker has NYSE in the list. 

The broker should also allow traders of different countries, and if they do not have that, traders can go for other brokers. With all this spread, commission, trading platforms, and account information should be taken. 

Some recommended brokers would be ETFinance, TradeATF and ROInvesting.

  • Brokerage Account

The second step after finding the appropriate broker is account opening with the broker. Account opening is a simple process where traders have to register with personal information like name, email address, contact number and set a password

Traders can quickly open accounts online with some brokers, and some take two days to examine the traders’ background. Traders then open an account with the broker and can buy Gamestop stock and hold them for trading. 

  • Deposit Funds

For trading, online investors have to deposit initial funds to start trading. The brokerage accounts need a minimum deposit of money to buy the shares of the Gamestop company. It is easy and pretty quick with online payment modes through debit and credit cards, bank wire transfers and e-wallets. 

  • Buying Shares of Gamestop

The process of account opening, choosing the right broker, and deposit of money are complete. Traders have all the requirements for the purchase of the shares. Therefore, traders can now search in their account the Gamestop stock. Then, traders have to insert the number of shares they want to buy, click on the buy button, and execute the buying order. 

Traders can even choose different order types from the trading platforms to be more precise about their trade. 

  • Reviewing 

The final step is to monitor the shares regularly. Purchasing of shares requires holding them to further buy or sell in the financial market. For this, traders have to keep an eye on the market and Gamestop stock. Moreover, the company details and the related news of the country also affect the share prices. So, all these elements have to be considered while trading in the shares of a company. There are several trading strategies available with brokers that could be used for this purpose. They act as an aid for traders to analyse the market and monitor them from time to time. 

Traders also get the opportunity to attend annual meetings of the Gamestop company if they hold the stocks for a long period of time. 

How to reduce the risk in the trade of shares?

When traders or investors put in their capital in the financial market, there is always a risk that the shares lose their value, and thus the trader incurs huge losses. To avoid such circumstances, traders can use some tricks to minimise the risk factor of the trade. Below discussed are the points for reducing risks of the share market: 

Avoid Scams

Online trading has its benefits and drawbacks as traders dealing online face many fake brokers that are there to steal money. Therefore, traders of the shares should be careful with the investments. Furthermore, high generating profits could be suspicious so, every trader should analyse the broker background before investing. Other than this, there are scams via links and offers that leak the information, and thus, the money is withdrawn from the accounts. 

Brokers, therefore, should be trusted ones, and that is appropriately regulated. The reputation of the broker in the market also matters for the fact of trading with them. If the broker is well known and authorised, then there are fewer chances of fraud through them. 

Diversify Portfolio

Putting in all the capital in one investment or share could be risky. Instead, traders should invest in small amounts in different instruments of the market. This would be feasible as the risk of loss would be reduced. For example, if the trader invested all the capital in shares of GameStop and the company goes bankrupt or loses its market worth, then the trader would face a considerable loss. 

To avoid such situations, diversification of portfolio is a good idea. Traders should invest some money in GameStop and some in other companies to manage it all. The ideal number of shares in the portfolio differs between twenty to thirty. 

Advantages of Gamestop Stock

Gamestop stocks are profitable for investors due to their market value in the market. However, traders must purchase the shares and invest in taking advantage of the market volatility. We have mentioned below the benefits that traders enjoy by trading in the shares: 

Gains: If analysed from the past, the stock market has grown widely and has enhanced the price worth of shares in the financial market. So, investing in Gamestop stock is a profitable trade with the increase of its value over time. 

Hassle-free: Traders can easily buy and sell the shares of the company in the market. Therefore, it is hassle-free trade, where traders, when they feel the value will rise they can hold and feel it will decline they can sell in the market. 

Liquidity: The shares are highly liquid because of the market availability at any time. Investors of the shares can sell them whenever they want through an exchange. 

Inflation: Shares investment safeguards against inflation. Traders can secure their future needs by investing in the company’s share. 

Regulated and Transparent: The trading in the stock market is regulated by the rules of the market, and exchanges follow them thoroughly. The rules and regulations of the market maintain transparency with the traders. 

Dividend: Traders can enjoy the dividend of the company, thus a source of income. 

Ownership: Companies provide traders with a stake in the firm; thus, they can attend meetings and be a part of the firm. 

Disadvantages of Gamestop Stock

With profits comes the risk, and here we have the drawbacks of investing in the shares of the company: 

Volatility: The uncertainty of the market is the biggest drawback of the stock market or any other financial market. Trading in the market is full of risk as to the price movements, and changes in the market are quite erratic. 

Risks: The outsourcing factors and market changes make it risky for traders to invest in the shares.


Gamestop is a big video game and electronic gadget company in the United States. It has acquired many companies but also faced problems in its working since 1999. But, the firm has managed a long way with both success and failure. Recently, in 2021 the company skyrocketed with a high increase in its share price. They trade in shares and also bet as a hedge against the risk of the market. 

So, trading with the firm is beneficial as they have good share value in the market. Therefore, it would be profitable for traders to invest with the Gamestop company. So, how do we buy the shares of Gamestop? Traders can follow the steps and buy shares of the company. 


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