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GameStop Corp. extended its recent resurgence in premarket trading after more than doubling in a week, with day traders piling back into the company that started the meme stock craze earlier this year.
GameStop relives extreme volatility in roller-coaster day
Paul Jarvis, Bloomberg News VIDEO SIGN OUT
GameStop Corp. ended the session higher after a roller-coaster session that echoed the wild swings in January when the company first rattled markets.
Shares closed up 7.3 per cent to US$265 in New York, extending gains for a sixth day, its longest winning streak since September. But it was not a smooth ride for the video-game retailer. At one point, shares whiplashed violently, with the stock bouncing between US$348 and US$172 in about 22 minutes, triggering multiple volatility halts. Volume also exploded, with over 70 million shares changing hands, almost double whatâs been seen in the past week.
GameStop relives extreme volatility in roller-coaster day
Paul Jarvis, Bloomberg News VIDEO SIGN OUT
GameStop Corp. ended the session higher after a roller-coaster session that echoed the wild swings in January when the company first rattled markets.
Shares closed up 7.3 per cent to US$265 in New York, extending gains for a sixth day, its longest winning streak since September. But it was not a smooth ride for the video-game retailer. At one point, shares whiplashed violently, with the stock bouncing between US$348 and US$172 in about 22 minutes, triggering multiple volatility halts. Volume also exploded, with over 70 million shares changing hands, almost double whatâs been seen in the past week.
GameStop s win streak keeps going amid Cohen shakeup plan bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.