GameStop surge hits extremes as amateurs buy stock
Tesla chief Elon Musk's tweet fans rally
27 January 2021 - 19:55
New York — GameStop’s breathtaking ascent showed no sign of slowing Wednesday, with bullish day traders keeping the upper hand over short sellers who started to capitulate.
The shares rose 157% to a session-high of $380 shortly after 11am in New York, leading to at least two volatility halts. The advance means the video-game retailer’s market value has risen more than 20 times in January alone to about $26bn, making GameStop bigger than more than a third of the companies in the S&P 500 Index...
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