A version of this story first appeared in CNN Business' Before the Bell newsletter. London (CNN Business) The meteoric rise in GameStop's stock, as traders congregating on Reddit and Discord take on short sellers and hedge funds, is hard to look away from. It's the closest thing Wall Street has to David vs. Goliath. What's happening: Shares of GameStop (GME), a legacy company whose stores are often located in struggling malls, have soared dramatically over the past two sessions as day traders push the stock with growing fervor. The stock, which closed out 2020 at $18.84 per share, finished the day at $76.79 after trading was halted multiple times due to volatility.

Source: The Nation January 26, 2021 13:18 UTC