GameStop surges back into the public eye as videogame chain's stock jumps 104%

Dow Jones2021-02-25

MW UPDATE: GameStop surges back into the public eye as videogame chain's stock jumps 104%

By Weston Blasi

Nearly five times as many GameStop shares changed hands on Wednesday as in a typical session this month

Shares of GameStop $(GME)$ jumped 104% on Wednesday, with trading halted repeatedly because of volatility in the final hour of the session . Nearly 65 million shares changed hands, with volume surging as the closing bell neared, compared with a recent average daily volume of 14.7 million shares.

The freewheeling social platform Reddit cited discussion of the stock as a reason the site was knocked offline late Wednesday.

Late Tuesday, the company had announced the departure of its financial chief .

Some investors were expressing displeasure over the trading pauses.

Stocks popularized on the WallStreetBets Reddit forum have taken the spotlight in 2021. Huge stock-price swings in the likes of the videogame retailer GameStop and AMC $(AMC)$, the cineplex chain, have caused major disruptions in the market.

Jim Cramer, host of the show "Mad Money" on CNBC, commented on the Wednesday gains in GameStop.

The Wednesday trading halts differed from the limitations on buying and selling of this group of securities put in place in late January by brokerages .

Others trafficked in one-liners about GameStop's rise on Twitter.

The GameStop surge attracted tweets from all kinds of investors.

-Weston Blasi; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

February 24, 2021 17:24 ET (22:24 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

slayerbing
2021-02-25
slayerbing
To the moon
Aaronre1
2021-02-25
Aaronre1
?

Leave a comment

2

7

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2114583391?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-02-25 06:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2114583391","market":"us","top_or_hot":-1,"title":"GameStop surges back into the public eye as videogame chain's stock jumps 104%","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPDATE: GameStop surges back into the public eye as videogame chain's stock jumps 104%\n</p>\n<p>\n  By Weston Blasi \n</p>\n<p>\n  Nearly five times as many GameStop shares changed hands on Wednesday as in a typical session this month \n</p>\n<p>\n  Shares of GameStop <a href=\"https://laohu8.com/S/GME\">$(GME)$</a> jumped 104% on Wednesday, with trading halted repeatedly because of volatility in the final hour of the session . Nearly 65 million shares changed hands, with volume surging as the closing bell neared, compared with a recent average daily volume of 14.7 million shares. \n</p>\n<p>\n  The freewheeling social platform Reddit cited discussion of the stock as a reason the site was knocked offline late Wednesday. \n</p>\n<p>\n</p>\n<p>\n</p>\n<p>\n  Late Tuesday, the company had announced the departure of its financial chief . \n</p>\n<p>\n  Some investors were expressing displeasure over the trading pauses. \n</p>\n<p>\n</p>\n<p>\n</p>\n<p>\n  Stocks popularized on the WallStreetBets Reddit forum have taken the spotlight in 2021. Huge stock-price swings in the likes of the videogame retailer GameStop and AMC <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a>, the cineplex chain, have caused major disruptions in the market. \n</p>\n<p>\n  Jim Cramer, host of the show \"Mad Money\" on CNBC, commented on the Wednesday gains in GameStop. \n</p>\n<p>\n</p>\n<p>\n  The Wednesday trading halts differed from the limitations on buying and selling of this group of securities put in place in late January by brokerages . \n</p>\n<p>\n  Others trafficked in <a href=\"https://laohu8.com/S/AONE\">one</a>-liners about GameStop's rise on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>. \n</p>\n<p>\n</p>\n<p>\n</p>\n<p>\n  The GameStop surge attracted tweets from all kinds of investors. \n</p>\n<p>\n  -Weston Blasi; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<p>\n</p>\n<p>\n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  February 24, 2021 17:24 ET (22:24 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop surges back into the public eye as videogame chain's stock jumps 104%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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 surges back into the public eye as videogame chain's stock jumps 104%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-25 06:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MW UPDATE: GameStop surges back into the public eye as videogame chain's stock jumps 104%\n\n\n  By Weston Blasi \n\n\n  Nearly five times as many GameStop shares changed hands on Wednesday as in a typical ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"TWTR","symbol_name":"Twitter","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2114583391","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2114583391","pubTimestamp":1614205440,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW UPDATE: GameStop surges back into the public eye as videogame chain's stock jumps 104%\n\n\n  By Wes","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TWTR":"Twitter","QNETCN":"纳斯达克中美互联网老虎指数","GME":"游戏驿站"},"translate_title":"视频游戏连锁店股价大涨104%游戏驿站重新回到公众视线","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":0.9,"TWTR":0.9,"QNETCN":0.6},"content_text":"MW UPDATE: GameStop surges back into the public eye as videogame chain's stock jumps 104%\n\n\n  By Weston Blasi \n\n\n  Nearly five times as many GameStop shares changed hands on Wednesday as in a typical session this month \n\n\n  Shares of GameStop $(GME)$ jumped 104% on Wednesday, with trading halted repeatedly because of volatility in the final hour of the session . Nearly 65 million shares changed hands, with volume surging as the closing bell neared, compared with a recent average daily volume of 14.7 million shares. \n\n\n  The freewheeling social platform Reddit cited discussion of the stock as a reason the site was knocked offline late Wednesday. \n\n\n\n\n\n\n  Late Tuesday, the company had announced the departure of its financial chief . \n\n\n  Some investors were expressing displeasure over the trading pauses. \n\n\n\n\n\n\n  Stocks popularized on the WallStreetBets Reddit forum have taken the spotlight in 2021. Huge stock-price swings in the likes of the videogame retailer GameStop and AMC $(AMC)$, the cineplex chain, have caused major disruptions in the market. \n\n\n  Jim Cramer, host of the show \"Mad Money\" on CNBC, commented on the Wednesday gains in GameStop. \n\n\n\n\n  The Wednesday trading halts differed from the limitations on buying and selling of this group of securities put in place in late January by brokerages . \n\n\n  Others trafficked in one-liners about GameStop's rise on Twitter. \n\n\n\n\n\n\n  The GameStop surge attracted tweets from all kinds of investors. \n\n\n  -Weston Blasi; 415-439-6400; AskNewswires@dowjones.com \n\n\n\n\n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  February 24, 2021 17:24 ET (22:24 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","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":361153518,"gmtCreate":1614215289334,"gmtModify":1704889642388,"author":{"id":"3566121323062550","authorId":"3566121323062550","name":"slayerbing","avatar":"https://static.tigerbbs.com/d4ee1324e4ccf4d6f874ce1c503b8550","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566121323062550","authorIdStr":"3566121323062550"},"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361153518","repostId":2114583391,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":361322153,"gmtCreate":1614208321772,"gmtModify":1704889502176,"author":{"id":"3569455517519538","authorId":"3569455517519538","name":"Aaronre1","avatar":"https://static.tigerbbs.com/0bdac1ffa7902de232340a7fecd55a17","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569455517519538","authorIdStr":"3569455517519538"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361322153","repostId":2114583391,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":7,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2114583391"}