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%.