It remains to be seen if prices settle around current levels, which are about 50% higher than before the latest frenzy started. GameStop jumped more than 100% at times earlier this week.
It remains to be seen if prices settle around current levels, which are about 50% higher than before the latest frenzy started. GameStop jumped more than 100% at times earlier this week.Read the full ...
The latest resurgence of retail trading in GameStop follows major changes aimed at boosting the resilience and transparency of the market following the 2021 "meme stock" saga. It was the first post from the account since 2021 when a meteoric rally in GameStop and other "meme stocks" partly stoked by "Roaring Kitty" caused intense volatility, prompting brokers to restrict trading in some shares and causing massive losses for hedge funds that had bet against them. Since then, the Securities and Exchange Commission (SEC) has adopted or proposed broad changes to fix structural problems highlighted by that extraordinary episode.