The 'Wallstreetbets' Reddit chat room that drove stock surges for GameStop and other companies was briefly made private by the moderators running the group on Wednesday evening, before being made public again.
Shares of video game retailer GameStop Corp surged nearly 700% over the past week as retail investors piled in to the stock, appearing to be urged on by bullish posts in popular online forum Reddit as opposed to any fundamental changes in the company's finances or prospects.
Shares in small Australian nickel and cobalt explorer GME Resources jumped as much as 53% on Thursday, apparently driven by the similarity of the company's stock ticker to U.S. retail investor darling GameStop .
Billionaire investor Steven Cohen's Point72 Asset Management has suffered a nearly 15% loss this year due to a sudden surge in the shares of video-game retailer GameStop Corp, the New York Times reported https://nyti.ms/2YiotoW on Wednesday.