GameStop’s stock price headed for another explosive gain Thursday as rookie investors heralded the second wave of last month’s Reddit rally.
Shares in the video-game …
GameStop’s stock price headed for another explosive gain Thursday as rookie investors heralded the second wave of last month’s Reddit rally. Shares in the video-game retailer surged 74 percent in premarket trading to $159.64 as of 7:14 a.m. after more than doubling Wednesday in a wild session that saw the stock halted less than 30 minutes before the closing bell. It’s unclear what caused the sudden spike after about two weeks of muted trading for GameStop. But traders on Reddit’s WallStreetBets forum celebrated the massive move in a stock that they turned into a symbol of a populist uprising against hedge funds and big-time investors. “So I guess we’re back?” a Redditor named rgodless wrote on the message board early Thursday.
