GameStop shares continue to soar following Elon Musk tweet
GameStop's shares continued to rise yesterday, as Elon Musk joined the trading frenzy. The US retailer saw a 50% boost during after-hours trading after the SpaceX and Tesla CEO tweeted a link to the WallStreetBets subreddit alongside the word "Gamestonk!!", Reuters reported. That's on top of a 93% rise on Tuesday, which saw the shares reach $148 by the end of the trading day. GameStop's share price has approximately quadrupled in the past week, Barron's reported. Talking to Reuters, former US Securities and Exchange Commission enforcement attorney Jacob Frenkel said that the possibility of...
Source: gamesindustry.biz