Movements are displayed in a GameStop Corp. store in Oswego, Illinois, USA
Photographer: Daniel Acker / Bloomberg
Photographer: Daniel Acker / Bloomberg
GameStop Corp on Monday expanded its striking increase in trading in the foreground market, more than doubling since closing on Friday, as the strong day traders retained the upper hand over short sellers.
The stock rose to $ 136.63 compared to the last closing price of $ 65.01. It climbed 51% on Friday, while trading was halted at least four times in New York on its way to a record high.
The parabolic rise of GameStop has shown the separation between day traders and cattle on a rapid return to reality. Short seller Citron Research said on Friday it would stop commenting on the stock due to the actions of an angry mob, which referred to a setback by Reddit users.
More than 193 million shares were traded on Friday, which was the most active day for the company since the stock exchange in 2002.