Uptrend: A GameStop store on 14th Street at Union Square in the Manhattan borough of New York. Some have cited the reshuffling of top executives and options trading as the reasons for the sudden jump in the video game retailer’s stock price. ─ AP
NEW YORK: GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer’s stock price would stabilise after a fierce rally and steep dive that upended Wall Street in January.
The shares soared nearly 104% during the session in which trading was halted several times, then jumped another 85% after hours.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
