Page 67 - நகர்ப்புற வாழ்க்கைத்தொழில்கள் குழு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Reuters Staff 3 Min Read (Reuters) - Shares of GameStop jumped on Tuesday for the fifth straight day, as the meme stock rally that began earlier this year got more juice on news about the video game retailer’s e-commerce strategy and speculation that small investors will pour stimulus check funds into stock markets. GameStop shares were up 23.5% to $239.80 in early trading, a day after the company entrusted leadership of its online sales efforts to board member and major shareholder Ryan Cohen, co-founder of online pet retailer Chewy Inc. The resurgent rally lifted other stocks favored by retail investors on forums such as Reddit’s WallStreetBets. Market watchers have cited the U.S. Senate’s passage of a $1.9 trillion stimulus bill including $1,400 direct payments to Americans as one catalyst.

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