The latest moves build on Wednesday's rally in GameStop and other so-called "stonks" - an intentional misspelling of "stocks" - favored by retail traders on social media sites such as Reddit's WallStreetBets. GameStop shares were up 54.5% in trading before the bell at $141.70 at 0630 ET. Reddit discussion threads were buzzing again about GameStop on Thursday, with members exhorting others to pile into the stock as the rally gathers steam. !," wrote one Reddit user Fundssqueezzer, while another user Responsible_Fun6255 said, "Rise of the planet of the ape: GME edition". The longer we hold the higher it goes," said @catchme1fyoucan, an Italy-based user of retail trading platform eToro, in a discussion on GameStop.

Source: Hindustan Times February 25, 2021 12:00 UTC