GameStop shares soars around 50% as meme stocks rally again
GameStop was the fourth most traded stock by Fidelity s customers on Wednesday
(Reuters)
. Updated: 26 Feb 2021, 12:33 AM IST Reuters
GameStop shares hit $160 at the open before being halted after several minutes of trading and fell to around $129 before the second halt
Reddit discussion threads were buzzing again about GameStop on Thursday, with members exhorting others to pile in as the rally gathers steam.
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GameStop Corp shares shot higher Thursday after doubling in the previous session, triggering a series NYSE trading halts and leading a surprise resurgence of so-called stonks, as passionate retail investors have dubbed their favorites on various online forums.
GameStop shares soar in new rally 26 Feb 2021 / 02:42 H. A GameStop store is pictured in the Manhattan borough of New York City. – REUTERSPIX
BENGALURU/SINGAPORE/MILAN: GameStop Corp shares shot higher on Thursday after doubling in the previous session, triggering a series NYSE trading halts and leading a surprise resurgence of so-called “stonks,“ as passionate retail investors have dubbed their favourites on various online forums.
GameStop shares hit US$160 (RM646) at the open before being halted after several minutes of trading and fell to around US$129 before the second halt. The stock resumed trading around 10am Eastern and hovered around US$143 in late morning trade, up 56%.
ANALYSIS-Micro-cap stock surge shows investor risk taking, GameStop effect reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
GameStopâs Reddit-driven roller coaster rages on as volume soars
Updated February 25, 2021, 4:35 p.m.
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A GameStop Corp. store in Rome last month.Alessia Pierdomenico/Bloomberg News
GameStop extended its sudden resurgence Thursday as retail traders piled back into the stock after cues from cryptic Twitter messages and a short-seller report.
The video-game retailer, whose shares briefly doubled again, rose 19 percent to $108.73, the highest since Feb. 1. This comes after more than doubling in the final 90 minutes of trading on Wednesday. A handful of other favorites of traders populating Reddit forums also soared, having fallen far from the highs of last monthâs buying frenzy.
GameStop shares go on another rollercoaster ride
By Aaron Saldanha, Thyagaraju Adinarayan and David Randall
February 26, 2021 5.24am
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GameStop shares shot higher on Thursday (US time) after doubling in the previous session, triggering a series of NYSE trading halts and leading a surprise resurgence of so-called “stonks,” as passionate retail investors have dubbed their favourites on various online forums.
GameStop shares hit $US160 at the open before being halted after several minutes of trading and fell to around $US129 before the second halt. The stock resumed trading around 10am ET and soared as high as $184.68 before tumbling late in the day. It closed 19 per cent higher at $US108.73.