GameStop stock doubles in afternoon; even Reddit is surprised


FILE PHOTO: GameStop logo is seen near displayed stock graph in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

NEW YORK (Reuters) - GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after recent hearings in the U.S. Congress prompted by the fierce rally and steep dive that upended Wall Street in January.

GameStop shares were up 60% after hours at around $146, following a 103% rise during the day's trading.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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!

   

Next In Tech News

Elon Musk is once again richer than Mark Zuckerberg as fortunes reverse
GPS bracelet places 18-year-old at the scene of 11 different break-ins, US cops say
Cat hides in Amazon return package – then ends up in California 700 miles from home
Shopee: Be wary of SMS scams asking for your personal info
Analysis-Tesla's plan for affordable cars takes page from Detroit rivals
ByteDance prefers TikTok shutdown in US if legal options fail, sources say
Amazon’s Jeff Bezos, Andy Jassy deleted chats amid FTC antitrust probe
Samsung faces Pakistan smartphone shortage after winning debut
Athletic director used AI to frame principal with racist remarks in fake audio clip, US police say
US reinstates open Internet rules rescinded under Trump

Others Also Read