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.