Investing

GameStop shares fall after climbing as much as 18% in premarket as volatility continues in February

0


The WallStreetBets forum on the Reddit Inc. website on a laptop computer and the GameStop logo on a smartphone arranged in Hastings-On-Hudson, New York, U.S., on Friday, Jan. 29, 2021.

Tiffany Hagler-Geard | Bloomberg | Getty Images

GameStop shares were volatile in pre-market trading on Monday as the Reddit-fueled frenetic trading continues.

Shares of the bricks-and-mortar video game retailer jumped as much as 18% to $384.89 in premarket trading, but were last down about 7% to $335. The stock surged 1,625% in January.

The astronomical rally has inflicted a mark-to-market loss of almost $20 billion to hedge funds with short positions against the stock, according to data from S3 Partners….



Source cnbc.com

Dow futures rise 250 points as the stock market tries to shake GameStop angst

Previous article

As silver soars, Commerzbank warns of bubbles in other commodities

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Investing