GameStop closes up 92.7%, extending Wall Street's retail frenzy

GameStop closes up 92.7%, extending Wall Street's retail frenzy

3 years ago
Anonymous $K6XgmDN5_o

https://www.reuters.com/article/us-gamestop-stocks/gamestop-closes-up-92-7-extending-wall-streets-retail-frenzy-idUSKBN29V214

Individual investors continued to pile into niche stock market plays on Tuesday, causing a scramble by short-seller funds to cover losing bets, with companies like GameStop skyrocketing for the fourth straight day even as others caught up in the buying frenzy reversed gains.

GameStop closes up 92.7%, extending Wall Street's retail frenzy

Jan 26, 2021, 10:25pm UTC
https://www.reuters.com/article/us-gamestop-stocks/gamestop-closes-up-92-7-extending-wall-streets-retail-frenzy-idUSKBN29V214 >Individual investors continued to pile into niche stock market plays on Tuesday, causing a scramble by short-seller funds to cover losing bets, with companies like GameStop skyrocketing for the fourth straight day even as others caught up in the buying frenzy reversed gains.