GameStop Corp part GME,
rose 13% in pre-trading on Friday, and it looks like it will be another day of high volume activity. The share in the videogame retailer is on track with 168% in the week after a move that started late Wednesday and continued until Thursday. In the absence of market-moving news, the move is again attributed to activity on Reddit’s WallStreetBets forum. Other shares in meme auctioned off in a trading spirit in January were also active. AMC Entertainment Holdings Inc. AMC,
by 0.2%, BlackBerry Ltd. BB,
fell 2.4%, Naked Brand Group Ltd. NAKD,
was 4% lower and Koss Corp. KOSS,
it decreased by 8%. GameStop has risen 477% so far, while AMC has risen 291%, after investors on the Reddit forum in January wanted to create a brief push in both stocks. The unusual move last week led to a congressional meeting at which executives from Reddit, the trading app Robinhood, Citadel and Melvin Capital answered questions, along with individual investor Keith Gill – or ‘Roaring Kitty’.
