At Thursday s opening bell, GameStop stock jumped another 80 percent, to $164, one day after the shares soared more than 100 percent, raising fears that small investors could lose.
By Aaron Saldanha, Thyagaraju Adinarayan and David Randall (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%.
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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 were up 54.5% in trading before the bell at $141.70 at 0630 ET. Headphone maker Koss Corp surged 57%, while cannabis company Sundial Growers rose 10%