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….