Jeffrey Annello


Finance Experts, Rookies Watch Cautiously As Reddit Users Snap Up GameStop Stock

UConn Today – When adjunct finance professor Jeffrey Annello ’10 (BUS) met with his students Wednesday night, everyone wanted to talk about GameStop stock, which had soared more than 17-fold in the previous two weeks.

Spurred on by a Reddit message board, small investors snapped up shares of the retailer, spurring an investment frenzy. But what was the logic behind it? GameStop has been floundering, with only one profitable quarter in the last six. Gamers have been skipping brick-and-mortar stores and purchasing entertainment online.Continue Reading