GameStop’s price surge a long way from 2021 meme-stock frenzy

Volumes in short-dated options, while still elevated, are nowhere near the levels seen in 2021. — Bloomberg

NEW YORK: GameStop Corp shares more than doubling on no fundamental news. Short sellers getting squeezed and retail traders using same-day options to amplify gains in otherwise beaten-down stocks. Nonsense crypto coins adding more than 1,000%.

That was Monday. But it could just as easily describe early 2021, when the meme-stock frenzy captured the popular imagination and day traders sent stocks on inexplicable wild rides.