GameStop shares surge more than 100% as trading frenzy returns

Investors are puzzled about why the stock favoured by home-based investors soared by 104%, and then 85% after hours

GameStop 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.

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from World news | The Guardian https://ift.tt/3qUCfuq