A man looks at GameStop at 6th Avenue on February 25, 2021 in New York.
John Smith | Corbis News | Getty Images
GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the retail company rose more than 50% and showed that their wild swings are not yet over.
The stock slumped 33% in the prior session after the company reported disappointing fourth-quarter results and failed to give in-depth detail about its turnaround plans. The company also disclosed that it was considering selling more stock.
That was the fifth-straight negative day for the stock after closing near $210 per share on March 17. Shares rose 52.7% to close at $183.75 on Thursday.
There was no…