GameStop surges more than 50%, leading meme stocks higher – News 24-7 Live News 24-7 Live
GameStop surges more than 50%, leading meme stocks higher

GameStop surges more than 50%, leading meme stocks higher

Shares in video-game retailer GameStop closed up 52.7% at $183.75 with brisk trading volume after rising as high as $187.50 late in the session.GameStop and other so-called meme stocks surged on Thursday, as investors piled into the shares after a tumble in the previous session.

Shares in video-game retailer GameStop closed up 52.7% at $183.75 with brisk trading volume after rising as high as $187.50 late in the session.The company’s shares remained down 8.2% for the week so far following losses after a lackluster earnings report late Tuesday during which the company disclosed it was evaluating the possibility of a share sale. They are up 875% year-to-date, though still far from their record high of $483 reached in late January.

News Source: Hindustan times

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