GameStop climbs 12% in volatile premarket trade as Reddit traders dig in

cnbc2021-02-03

KEY POINTS Shares of the bricks-and-mortar video game retailer surged 1,625% in January and 400% just last week, as traders led by Reddit thread WallStreetBets piled into the stock. But the momentum ...

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Comments

WSBApes
2021-02-06
WSBApes
Googo
valynz
2021-02-04
valynz
sigh
maxong2003
2021-02-04
maxong2003
Oh no
kn0108
2021-02-04
kn0108
All the best GameStop
Wilson_wtc
2021-02-04
Wilson_wtc
Fly to the moon
Eileena
2021-02-04
Eileena
Good read

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Gamestop stock dropped 60% on Tuesday and ithas lost more than 70% of its value since Friday.\nAMC Entertainment, another heavily shorted stock that was also targeted by Reddit traders, was up by around 4% in premarket trade.\nRobinhood and other retail trading appscontinue to limit some buying of a collection of stocks pursued by the Reddit thread. Many Wall Street hedge funds began short-covering toward the end of last week after taking significant losses in the squeeze.\nShort selling is a strategy in which investors borrow shares of a stock at a certain price on expectations that the market value will fall below that level when it’s time to pay for the borrowed shares. Buying back borrowed shares to close out a short position, whether for a profit or loss, is known as short-covering.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":380279967,"gmtCreate":1612544290259,"gmtModify":1704872795766,"author":{"id":"3554966404999750","authorId":"3554966404999750","name":"WSBApes","avatar":"https://static.tigerbbs.com/524d2f8eb87bb134321ff44e82807a56","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3554966404999750","authorIdStr":"3554966404999750"},"htmlText":"Googo","listText":"Googo","text":"Googo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380279967","repostId":1190569667,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317965602,"gmtCreate":1612407918106,"gmtModify":1704870759570,"author":{"id":"3570967465240007","authorId":"3570967465240007","name":"valynz","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570967465240007","authorIdStr":"3570967465240007"},"htmlText":"sigh","listText":"sigh","text":"sigh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317965602","repostId":1190569667,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317918091,"gmtCreate":1612405787213,"gmtModify":1704870726041,"author":{"id":"3572527519531139","authorId":"3572527519531139","name":"maxong2003","avatar":"https://static.tigerbbs.com/83b80daccd6f5d6aaa2f04a0bc36ba22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572527519531139","authorIdStr":"3572527519531139"},"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317918091","repostId":1190569667,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317919550,"gmtCreate":1612405489670,"gmtModify":1704870723128,"author":{"id":"3561385333029161","authorId":"3561385333029161","name":"kn0108","avatar":"https://static.tigerbbs.com/8804830ef1f079aaafcf79b218019f68","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3561385333029161","authorIdStr":"3561385333029161"},"htmlText":"All the best GameStop&nbsp;","listText":"All the best GameStop&nbsp;","text":"All the best GameStop","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317919550","repostId":1190569667,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317994918,"gmtCreate":1612404395034,"gmtModify":1704870704961,"author":{"id":"3570525515751138","authorId":"3570525515751138","name":"Wilson_wtc","avatar":"https://static.tigerbbs.com/0ecf77d842c90dbab7220526d5ece0a2","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3570525515751138","authorIdStr":"3570525515751138"},"htmlText":"Fly to the moon","listText":"Fly to the moon","text":"Fly to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317994918","repostId":1190569667,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317998381,"gmtCreate":1612404078143,"gmtModify":1704870700259,"author":{"id":"3572401971897760","authorId":"3572401971897760","name":"Eileena","avatar":"https://static.tigerbbs.com/42d6aa9db75086eec89c4393abd90c98","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3572401971897760","authorIdStr":"3572401971897760"},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317998381","repostId":1190569667,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":136,"commentSize":215,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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