Why GameStop Stock Is Rising Today

Why GameStop Stock Is Rising Today

Shares of GameStop (NYSE: GME) were up 6% in midday trading on a shortened holiday trading day Friday. Black Friday is here, new Microsoft (NASDAQ: MSFT) Xbox and Sony (NYSE: SNE) PlayStation game consoles are on sale, and the video-game retailer inked a deal with Vizio to sell TV sets. The upgrade cycle for video game consoles is what GameStop investors have been waiting for to help lift the retailer out of the doldrums.