Signage is displayed at a GameStop Corp. store. from Oswego, Illinois, USA
Photographer: Daniel Acker / Bloomberg
Photographer: Daniel Acker / Bloomberg
GameStop Corp. It has widened its eye on premarket trading on Monday, more than doubling from Friday’s close, as rising day traders maintained their advantage over short sellers.
The stock rose to $ 136.63 compared to the last closing price of $ 65.01. This one rose 51% on Friday, with trading stopped at least four times in New York on the way to a record close.
The parabolic growth of GameStop has highlighted the difference between day traders and bets on a quick return to reality. Short seller Citron Research said on Friday it would stop commenting on the actions due to the actions of a “furious mob”, referring to a negative reaction from Reddit users.
More than 193 million shares were traded on Friday, marking the company’s busiest day since it went public in 2002.