Benzinga | Jan 28, 2021 12:51PM EST

GameStop Is Now One Of 500 Largest Companies In The World

On Wednesday, GameStop Corp (NASDAQ:GME) shares once again surged amid the retail trading bonanza.

What Happened: With a 353% increase in the share price of GameStop, the company became one of the 500 largest companies in the world.

GameStop now ranks as the 439th largest asset in the world on Assetdash.com, a site that ranks stocks, ETFs and cryptocurrencies by market capitalization.

The rally in shares has moved GameStop up the list quickly as it passed 400 companies on Wednesday. GameStop passed 866 companies this week and 1,667 companies in the month of January.

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Well-known companies that GameStop recently passed include Kellogg Company (NYSE:K), Nasdaq Inc (NASDAQ:NDAQ), DraftKings Inc (NASDAQ:DKNG) and Carnival Corp (NYSE:CCL).

The annual Fortune 500 list put out each year is a ranking of the top 500 companies. This list ranks companies by annual revenue and not by their market capitalization.

GME Price Action: Shares of GameStop closed Wednesday's session at $347.50.

Photo by Dwight Burdette via Wikimedia