Chewy co founder Ryan Cohen was also a major Gamestop shareholder and board member to oversee a transition away from its reliance on brick and mortar sales to focus more on e commerce.

The stock is also getting a boost from speculation that small investors will take portions of their upcoming $1400 stimulus checks and poured into the market and with Gamestop still are highly mentioned stock on social media forums like Reddit, Wall Street bets.

Some investors believe the stock will see a boost, but this stock has been anything but a sure bet.

After surging to a record high of $482 a share in January as the poster child for the so called meme rally, the stock price has been cut in half, but that is still way above where it started the year.

The reddit induced frenzy, which sparked an epic battle between small time investors and Wall Street hedge funds, got so heated trading app Robin Hood at one point halted trading in the stock.

The saga prompted another congressional hearing on Tuesday.

As for the stock, there are strategic risks ahead.

The company has to successfully find a way to offset the pressure.

It's retail stores are under.

As more customers gravitate towards digital downloads of video games, some investors still think Gamestop will come out a winner and are reluctant to stop buying this stock, Yeah.