GameStop Corp. divides GME,
grew 13% in the premarket trade on Friday and seemed ready for another day of high-volume activity. The actions of the video game retailer are on track for earnings of 168% per week, after a move that began late Wednesday and continued until Thursday. In the absence of market news, the move is again attributed to activity on Reddit’s WallStreetBets forum. Other meme actions were active and were caught in a trading frenzy in January. AMC Entertainment Holdings Inc. I HAVE C,
decreased by 0.2%, BlackBerry Ltd. BB,
decreased by 2.4%, Naked Brand Group Ltd. NAKD,
fell 4%, and Koss Corp. KOSS,
decreased by 8%. Annually so far, GameStop has gained 477%, while AMC has risen 291%, after investors on the Reddit forum sought to create a short cut in both shares in January. Unusual moves led to a congressional hearing last week at which Reddit executives Robinhood, Citadel and Melvin Capital answered questions, along with individual investor Keith Gill – aka “Roaring Kitty.”