GameStop and AMC Stocks Skyrocket Again, Trading Halted Again
GameStop stock soared this morning, rising over 80% in premarket trading. The stock rose over 103.9% before trading was once again halted.
AMC was also rising again, going up over 15% at one point. AMC shares are up about 370% this year to date. At last glance AMC was up 6% for the day, after climbing 18% during the previous session.
The traders from the Reddit page WallStreetBets are “back with a vengeance” according to many, pumping these stocks back up.
GameStop stock went well over $300 before trading was halted on the app Robinhood. It then plunged to around $50 until this most recent surge. GameStop stock was at $6 until Reddit traders pointed out that hedge funds betting against the stock were overleveraged and the stock would rise greatly with enough buyers.
What will happen next in the GameStop saga?
Stay tuned to the Daily Dropout to find out! We were on this story before GameStop even broke $100!
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