GameStop Corp. shares surged 50% early Thursday as a short squeeze pushed a 1,600% rally.
“Stonks” or retail traders on social media sites such as Reddit’s WallStreetBets jumped back into the stock.
- Shares were up 54% prior to the close at $141.70.
- Major shareholder and board member Ryan Cohen posted a cryptic tweet of an ice cream.
- Frankfurt-listed shares overshot 100% surge on Wall Street as European retail traders joined in the frenzy after the Reddit-fueled rally was thought to have died down.
GME:Nyse is up 91.71%
