It’s not entirely clear why, but it looks like the Reddit GameStop story just got a sequel.
The stock saga that launched a handful of streaming deals doesn’t appear to be over just yet. GameStop may have already had its day on Capitol Hill, but the retail store’s stock saw another surge on Wednesday that had investors, and the Internet at large talking about another trip to the moon. GameStop was the biggest of the retail stocks that were bet on heavily by a Reddit form that caused a massive spike in the stock’s price due to short sellers getting fleeced back in January. Much of that bump — especially with the other stocks that were shorted like AMC, Nokia and Blackberry — swiftly fell back to Earth. But that all changed on Wednesday, as GameStop’s stock price soared 100 percent in the matter of a few hours. $GME +100% pic.twitter.com/qIWLTfveHq Joe Weisenthal (@TheStalwart) February 24, 2021 AMC’s stock price actually saw a bump up as well. And GME and AMC trended again on Twitter by Wednesday afternoon, with people either excited about the sudden surge or thrilled that they had hung on to their stock.
