This play is not about business fundamentals although company has minimal debt, was profitable last quarter, has 2bn in cash as Victor said shorts never closed.... boom
GameStop Shares Resume Rally, Seal Highest Close in 3 Weeks
The videogame retailer's shares are in the spotlight once again with the return of influential trader Keith Gill, also known as Roaring Kitty. Shares of GameStop Corp. resumed their rally Wednesday, with the stock climbing 19.1% after ending Tuesday's session down 5.4%.The videogame retailer's shares finished trading at $31.57, their highest close since May 15, 2024, when they ended that day's session at $39.55. GameStop's stock is now up four of the last five trading sessions.Influential trader Keith Gill, also known as Roaring Kitty, last month sparked a new meme-stock rally that sent skyrocketing shares of GameStop and AMC Entertainment Holdings Inc. , as well as a number of other stocks. GameStop and AMC were at the heart of the original meme-stock rally in 2021, which saw Gill rise to prominence.Shares of GameStop surged again on Monday after a Reddit post from an account associated with Gill appeared to show him holding a big stake in the videogame retailer. A subsequent screens
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