365NEWSX
365NEWSX
Subscribe

Welcome

GameStop shares jump 13% premarket as stock looks poised for another day of high-volume activity - MarketWatch

GameStop shares jump 13% premarket as stock looks poised for another day of high-volume activity - MarketWatch

GameStop shares jump 13% premarket as stock looks poised for another day of high-volume activity - MarketWatch
Feb 26, 2021 35 secs

The videogame retailer's stock is on track for gains of 168% on the week after a move that began late Wednesday and continued through Thursday.

In the absence of market-moving news, the move is again being attributed to activity on Reddit’s WallStreetBets forum.

Other meme stocks that were swept up in a trading frenzy in January were also active.

Year-to-date, GameStop has gained 477%, while AMC is up 291%, after investors on that Reddit forum sought to create a short squeeze in both stocks in January

The unusual moves led to a congressional committee hearing last week at which executives from Reddit, the trading app Robinhood, Citadel and Melvin Capital answered questions, alongside individual investor Keith Gill - aka 'Roaring Kitty

Summarized by 365NEWSX ROBOTS

RECENT NEWS

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2024 365NEWSX - All RIGHTS RESERVED