Shares of GameStop Corp. GME,
rose 11% in pre-trading on Wednesday, a day after the stock closed at its highest point since the end of January and pushed its market capitalization above $ 17 billion. After GameStop shares plunged about 90% of its share-of-share-buying frenzy in January, it shot up more than 108% over the past five trading sessions, including Tuesday’s 27% increase. Shares closed Tuesday’s regular session at $ 246.90, compared to a record close of $ 347.51 on January 27th. The profit on the first market implies a market capitalization of $ 19 billion. Other memo shares, captured in January’s trading, were also higher than the first market. AMC Entertainment Holdings Inc. AMC,
was 6% higher than the quarterly earnings that would be available after the market closed. BlackBerry Ltd. BB,
increased by 2.3%, Naked Brand Group Ltd. NAKD,
was up 1% and Koss Corp. KOSS,
increased by 4.6%. Future for the Dow Jones Industrial Average DJIA,
indicates a slightly higher open, while the futures contracts for the S&P 500 SPX,
indicates a lower openness.
