GameStop Has Overtaken Tesla on Google Finance

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GameStop Has Overtaken Tesla on Google Finance

GameStop’s epic short squeeze is a stunning example of how quickly markets can change. A big example of this appeared on Google Trends.

This screenshot compares interest in GameStop (GME) and Tesla (TSLA) on Google Finance over the last seven days. A week ago, GME had relative interest of just 1, while TSLA was at 22.

GME gained steadily along with its stock price and overtook the $835 billion electric car maker an hour before the closing bell yesterday. As of this morning, its relative interest is 100, versus 34 for TSLA.

The same thing happened on the TradeStation platform. GME is the most popular symbol in the last week, while TSLA has slipped to third. Obalon Therapeutics (OBLN) is the No. 2 stock amid a merger-fuel rally.

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David Russell is VP of Market Intelligence at TradeStation Group. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.