Question: NOTE: The answer should not exceed one page (1.5 spacing). Below is the recent price history of GAMESTOP CORPORATION (GME). Within one month, the stock

NOTE: The answer should not exceed one page (1.5 spacing).

Below is the recent price history of GAMESTOP CORPORATION (GME). Within one month, the stock price moved from $17.15 to $413.98. Does this indicate violation of Efficient Market Hypothesis? Discuss.

Date

Open

High

Low

Close

1/4/2021

19

19.1

17.15

17.25

1/5/2021

17.35

18.08

17.23

17.370001

1/6/2021

17.34

18.98

17.33

18.360001

1/7/2021

18.469999

19.450001

18.02

18.08

1/8/2021

18.18

18.299999

17.08

17.690001

1/11/2021

19.41

20.65

19.01

19.940001

1/12/2021

19.959999

20.4

19.32

19.950001

1/13/2021

20.42

38.650002

20.030001

31.4

1/14/2021

38.09

43.060001

33.049999

39.91

1/15/2021

38.490002

40.75

34.009998

35.5

1/19/2021

41.549999

45.52

36.639999

39.360001

1/20/2021

37.369999

41.189999

36.060001

39.119999

1/21/2021

39.23

44.75

37

43.029999

1/22/2021

42.59

76.760002

42.32

65.010002

1/25/2021

96.730003

159.179993

61.130001

76.790001

1/26/2021

88.559998

150

80.199997

147.979996

1/27/2021

354.829987

380

249

347.51001

1/28/2021

265

483

112.25

193.600006

1/29/2021

379.709991

413.980011

250

325

2/1/2021

316.559998

322

212

225

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