GameStop delivers unlikely reprieve to day-trading bag holders - News Summed Up

GameStop delivers unlikely reprieve to day-trading bag holders


The late trading went off at an average price of close to $135 a share. At $200 a share in after-hours trading, that’s a gain of 8% from such levels. Demand was so high that Reddit.com -- home of the WallStreetBets forum where day traders egged each other on last month -- would not load. Their influence was apparent in the scrum in GameStop shares. Not long after, GameStop shares began to soar, eventually reaching levels that many of the last month’s latecomers could use to find a profitable exit.


Source: Mint February 25, 2021 02:18 UTC



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