GameStop's Frankfurt shares nearly triple in catch-up trade to Wall Street

Reuters2021-02-25

GameStop Corp's Frankfurt-listed shares surged 180% in premarket trading on Thursday after the videogame retailer's U.S. stock more than doubled in late trading in the previous session.

Analysts could not pinpoint one reason for the sharp move, but at least one ruled out a short squeeze that had fired the "Reddit rally" in January when amateur investors piled into stocks that hedge funds had bet against.

Some Twitter users pointed to an activist investor's tweet of an ice cream cone picture, while others cited factors including options trading and the resignation of GameStop Chief Financial Officer Jim Bell, announced on Tuesday.

GameStop's U.S.-listed shares soared nearly 104% on Wednesday and were halted several times in a rally that began after 1930 GMT. They jumped another 85% after hours.

German shares of cinema operator AMC Entertainment, another stock favoured last month by individual traders on online discussion forums such as Reddit's WallStreetBets, jumped 34.7% following an 18% rise in its U.S. stock on Wednesday.

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Comments

TheCrazyOne
2021-03-01
TheCrazyOne
Ok
StormsRiders
2021-02-26
StormsRiders
[可愛]
Jinkachu
2021-02-26
Jinkachu
Omg
Jinkachu
2021-02-26
Jinkachu
Wow
JennJenn
2021-02-26
JennJenn
Give like pls
- Mm101:
  Many nany like
Atwosome
2021-02-26
Atwosome
2nd wave in motion

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop's Frankfurt shares nearly triple in catch-up trade to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n2021-02-25 15:37 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop Corp's Frankfurt-listed shares surged 180% in premarket trading on Thursday after the videogame retailer's U.S. stock more than doubled in late trading in the previous session.\nAnalysts could...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":null,"article_id":"2114319926","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2114319926","pubTimestamp":1614238663,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"GameStop Corp's Frankfurt-listed shares surged 180% in premarket trading on Thursday after the video","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站"},"translate_title":"游戏驿站法兰克福的股价在与华尔街的追赶交易中增长了近两倍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":0.9},"content_text":"GameStop Corp's Frankfurt-listed shares surged 180% in premarket trading on Thursday after the videogame retailer's U.S. stock more than doubled in late trading in the previous session.\nAnalysts could not pinpoint one reason for the sharp move, but at least one ruled out a short squeeze that had fired the \"Reddit rally\" in January when amateur investors piled into stocks that hedge funds had bet against.\nSome Twitter users pointed to an activist investor's tweet of an ice cream cone picture, while others cited factors including options trading and the resignation of GameStop Chief Financial Officer Jim Bell, announced on Tuesday.\nGameStop's U.S.-listed shares soared nearly 104% on Wednesday and were halted several times in a rally that began after 1930 GMT. 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