Home / World News / GameStop Corp reignites meme stock frenzy with $7.6-billion surge

GameStop Corp reignites meme stock frenzy with $7.6-billion surge

Video game retailer rose as much as 83% to $168 in New York trading

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GameStop shares advanced 58 per cent to $144.97 as of 8:05 am in New York. Reddit’s hold on early-morning trading was notable with more than 5.4 million GameStop shares trading hands

Katie Greifeld, Sarah Ponczek, Paul Jarvis & Bailey Lipschultz | Bloomberg

3 min read Last Updated : Feb 26 2021 | 2:47 AM IST

GameStop soared in premaket trading on Thursday as retail investors revived the surge in Reddit-favorite stocks, putting it on pace to reap $7.6 billion in market value over two days.

The video-game retailer rose as much as 83 per cent to $168 in New York. Among other favorites of traders populating Reddit forums, AMC Entertainment advanced 12 per cent premarket after gaining 59 per cent in the first three days of the week, while Koss Corp. surged 78 per cent. Nokia Oyj, also a favorite of the meme crowd, climbed 7.7 per cent in Europe, and BlackBerry added 5.3

Topics : US markets US stock market Video games

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