GameStop shares soar 144% on short squeeze, then ease in wild trade session


Options activity also surged in the stock, which had gained 245% so far this year as of Friday's close, was last up 19.7% at $77.81.

NEW YORK: Shares of U.S. videogame retailer GameStop skyrocketed by 144% on Monday as short sellers scrambled to cover their positions in the stock, which then pared gains in a roller coaster session that featured nine trading halts for volatility.

Options activity also surged in the stock, which had gained 245% so far this year as of Friday's close, was last up 19.7% at $77.81.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

GameStop , video , retailer , stock , soares ,

   

Next In Business News

Malton’s net profit surges 73%
Sarawak Oil Palms net profit up 30% in 3Q24
Strong ops performance lifts Axiata’s net profit
Philippines back to fiscal surplus in October
Singapore companies’ debt levels low
Direct Line rejects US$4.2bil takeover offer
TNB 3Q24 net profit soars 85% year-on-year
Capital A records net profit of RM1.64bil for 3Q24
FGV continues to improve palm oil productivity
Dnex actively pursuing more producing assets

Others Also Read