GameStop shares soars around 50% as meme stocks rally again
By Aaron Saldanha, Thyagaraju Adinarayan and David Randall
Reuters
(Reuters) - GameStop Corp shares shot higher 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 favorites on various online forums. GameStop shares hit $160 at the open before being halted after several minutes of trading and fell to around $129 before the second halt. The stock resumed trading around 10 a.m. Eastern and hovered around $143 in late morning trade, up 56%.
The rally lifted other stonks popular on sites such as Reddit s WallStreetBets, with AMC Entertainment Holdings Inc up 12.5% and headphone company Koss Corp up nearly 61%.
GameStop shares soar as meme stocks rally again
By Aaron Saldanha, Thyagaraju Adinarayan and David Randall
Reuters
(Reuters) - GameStop Corp shares soared again on Thursday after doubling in the previous session, triggering a series of NYSE trading halts and leading a surprise resurgence of so-called stonks championed by passionate retail investors on various online forums. GameStop shares hit $160 at the open before being halted after several minutes of trading and fell to around $129 before the second halt. The stock resumed trading around 10 a.m. Eastern and hovered around $143 in afternoon trade, up almost 60%.
GameStop was up almost 70% at one point in a blistering rally that lifted other stonks or meme stocks popular on sites such as Reddit s WallStreetBets, even as the broad S&P 500 index fell more than 2%. AMC Entertainment Holdings Inc jumped 12.5% and headphone company Koss Corp rocketed nearly 61%.
GameStop shares soars around 50% as meme stocks rally again
GameStop was the fourth most traded stock by Fidelity s customers on Wednesday
(Reuters)
. Updated: 26 Feb 2021, 12:33 AM IST Reuters
GameStop shares hit $160 at the open before being halted after several minutes of trading and fell to around $129 before the second halt
Reddit discussion threads were buzzing again about GameStop on Thursday, with members exhorting others to pile in as the rally gathers steam.
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GameStop Corp shares shot higher 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 favorites on various online forums.
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%.
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.