GameStop stock rockets toward biggest gain in 5 months

1 month ago 16
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GameStop Corp. GME, +29.43% investors are having their champion time successful 5 months connected Tuesday contempt nary quality released, arsenic the video crippled retailer appears to person renewed its presumption arsenic a meme stock. The banal soared 26.0% successful day trading, connected way for the biggest one-day summation since it rocketed 52.7% connected March 25. There are nary caller property releases connected the company's website, and the institution did not record thing with the Securities and Exchange Commission successful implicit a month. The banal was besides headed for the archetypal double-digit percent summation since it roseate 10.2% connected July 20, and the archetypal clip it roseate much than 20% since it did truthful 3 times successful March. Also catching the meme wave, shares of movie theatre relation AMC Entertainment Holdings Inc. AMC, +20.68% jumped 19.3%, besides connected nary evident quality released, arsenic the shares headed for the biggest summation since it rallied 24.5% connected July 20. The rallies are coming connected a time that the Nasdaq Composite COMP, +0.50% roseate 0.6% to apical the 15,000 people for the archetypal time, and the S&P 500 SPX, +0.16% roseate 0.3% toward a grounds close. Meanwhile, shares of commission-free trading level Robinhood Markets Inc. HOOD, +8.32%, seen arsenic a haven for the trading of meme stocks, rallied 8.6% successful day trading.

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