GameStop stock rose as high as $136.63 on Monday, up from Friday’s close of $65.01. According to Bloomberg, the parabolic rise showcases the divide between day traders and bears expecting a quick return to reality.
- GameStop stock gained 51% on Friday, with trading halted at least four times in New York on the way to the record close.
- More than 193 million GameStop shares were traded on Friday, the most active day since the company went public in 2002.
- Short-seller Citron Research said on Friday it would stop commenting on GameStop stock due to the actions of “an angry mob,” referring to a backlash by Reddit users.
GameStop stock is currently gaining. GME: NYSE is up 40.30% on premarket.
