GameStop jumps nearly 19%; 'meme stocks' fade after another wild ride

GameStop jumps nearly 19%; 'meme stocks' fade after another wild ride

3 years ago
Anonymous $rH7oE7DjRg

https://www.reuters.com/article/us-retail-trading-gamestop/gamestop-jumps-nearly-19-meme-stocks-fade-after-another-wild-ride-idUSKBN2AP0QT

GameStop Corp shares rallied on Thursday, finishing with double-digit gains despite a sharp retreat from session highs and leading a surprise resurgence of so-called "stonks" championed online by passionate retail investors. GameStop shares, which doubled their value on Wednesday, hit $160 at Thursday's open before being halted after several minutes of trading and fell to around $129 before the second halt. The stock closed for the day at $108.73 for an 18.5% gain, after soar