GameStop Euphoria Continues - Shares up 60%

27 January 2021

    GameStop shares were seen up another 60% on Wednesday in pre-market trading. The gain is attributed to amateur investors showing their interest, boosting the share price by 700% over the past two weeks.


    Some hedge funds have, however, continued sticking to their cautious bets, with FIS' Analytics data showing investors had piled on $2.2 billion in bearish bets on the company.


    In the meantime, Reddit's Wallstreetbets stock trading discussion group are backing the company, buying shares and call options on the stock.

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