February 25, 2021

GameStop share ride: shooting star or rocket to the moon?

San Francisco (AFP) – After rocking the stock market at the end of January due to a speculative buying frenzy, shares in video game store chain GameStop are buzzing anew on Wall Street. GameStop shares more than doubled in price on Wednesday then rocketed further on Thursday in trading so heated that stock market operators tapped the brakes to cool the situation. GamesStop ended the formal trading day at $108.73, up 18.56 percent, but lost ground in after-hours trading. Trading driven by emotion or risk-taking rather than business fundamentals put the spotlight back on GameStop’s wild ride, wh…

source https://this.kiji.is/en/737779957977022464?c=648607265489716321

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