Author: Nick Statt
Image: Joe Weisenthal
GameStop is up... again, by a lot. Before market close on Wednesday, the video game retailer’s shares started to soar, and GME just closed at $91.71 — up nearly 104 percent for the day.
It’s the highest the stock has been since it fell back down to Earth at the beginning of the month following the unprecedented, Reddit-fueled rally that sent it as high as $483 a share. Over the course of the afternoon, trading on the stock was halted twice.
It’s not exactly clear what’s happening here. But one group is celebrating: r/WallStreetBets. The community of retail investors is ecstatic at the results and hailing the jump as proof that the GME...
Continue reading…
Continue reading...
Image: Joe Weisenthal
GameStop is up... again, by a lot. Before market close on Wednesday, the video game retailer’s shares started to soar, and GME just closed at $91.71 — up nearly 104 percent for the day.
It’s the highest the stock has been since it fell back down to Earth at the beginning of the month following the unprecedented, Reddit-fueled rally that sent it as high as $483 a share. Over the course of the afternoon, trading on the stock was halted twice.
It’s not exactly clear what’s happening here. But one group is celebrating: r/WallStreetBets. The community of retail investors is ecstatic at the results and hailing the jump as proof that the GME...
Continue reading…
Continue reading...