Massive Gamestop GME short squeeze sends GME stock price to the moon.
But what happens next with the Stock will be even more surprising Is GME stock just a pump and dump? Will the GME short squeeze continue? The David and Goliath battle over the used video game retailer, explained.
The stock was extremely volatile and it was halted several times. Shares more than doubled at one point. Posters on the WallStreetBets subreddit have been touting the company aggressively. That appears to have helped fuel a so-called short squeeze in GameStop (GME) stock.
A large number of investors have bet against GameStop recently by borrowing shares and selling them with the hopes that they can then repurchase the stock at a lower price and pocket the difference.
Meme stock Gamestop, Robinhood and others halt trading.. video
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