GameStop’s Reddit-Driven Roller-Coaster Rages On as Volume Soars
- Shares trimmed gains to 19% on most active day of the month
- Some Reddit-favorites fluctuated amid bouts of volatility
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GameStop Corp. extended its sudden resurgence Thursday as retail traders piled back into the stock after cues from cryptic Twitter messages and a short-seller report.
The video-game retailer, whose shares briefly doubled again, rose 19% to $108.73, the highest since Feb. 1. This comes after more than doubling in the final 90 minutes of trading on Wednesday. A handful of other favorites of traders populating Reddit forums also soared, having fallen far from the highs of last month’s buying frenzy.