GameStop shares go on another rollercoaster ride
By Aaron Saldanha, Thyagaraju Adinarayan and David Randall
February 26, 2021 — 5.24am
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GameStop shares shot higher on Thursday (US time) after doubling in the previous session, triggering a series of 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 $US160 at the open before being halted after several minutes of trading and fell to around $US129 before the second halt. The stock resumed trading around 10am ET and soared as high as $184.68 before tumbling late in the day. It closed 19 per cent higher at $US108.73.