GameStop Stock Price Surges 100% as Retail Investors Rally
Shares of the video game retailer skyrocketed on Tuesday, January 26, driven by a surge in trading on online platforms.
The stock price climbed as high as $532.68 per share, representing a 100% increase from its previous close.
The rally was fueled by retail investors who have been using online platforms such as Reddit and Robinhood to coordinate trades. These investors have been buying GameStop shares in an effort to drive up the price and squeeze short sellers, who had been betting against the company.
The surge in GameStop stock price has been a major event in the financial world. It has challenged traditional investment strategies and highlighted the power of social media and retail investors.
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