GameStop is popping again after a wild session, pushing the stock back above $100, but short sellers betting against the brick-and-mortar video game retailer are nowhere near letting up.
Shares of GameStop jumped more than 90% to a record high of $147.63 on Tuesday. The stock turned sharply higher after Social Capital’s Chamath Palihapitiya said in a tweet that he bought GameStop call options betting the stock will go higher. Trading was halted multiple times due to volatility.
GameStop has rallied more than 400% in January alone as an army of retail investors marshaled against short sellers in online chat rooms, encouraging each other to pile on and keep pushing the stock higher. Short…