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GameStop Stock Rises Another 2%, Heading for Eight Straight Sessions

GameStop stock gained another 2% in premarket trading Wednesday, heading for eight straight sessions.GameStop meme trading is alive and well this month, with the videogame retailer rising for the seve

GameStop Stock Rises Another 2%, Heading for Eight Straight Sessions

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It’s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.</p><p>The current streak has sent the stock price up 18% for its best seven-day stretch since June and its highest price in a month. GameStop stock’s highest close for the year was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.</p><p>The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.</p><p style=\"text-align: start;\">The stock is currently down 67% from a record high in January 2021. And GameStop stock has slipped from its intraday high for the year of nearly $65 set in May.</p><p style=\"text-align: start;\">Another meme-stock trade, Trump Media &amp; Technology Group, rose sharply Monday, following theassassination attempton the former president, before shedding some of those gains. 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It’s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.</p><p>The current streak has sent the stock price up 18% for its best seven-day stretch since June and its highest price in a month. GameStop stock’s highest close for the year was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.</p><p>The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.</p><p style=\"text-align: start;\">The stock is currently down 67% from a record high in January 2021. And GameStop stock has slipped from its intraday high for the year of nearly $65 set in May.</p><p style=\"text-align: start;\">Another meme-stock trade, Trump Media &amp; Technology Group, rose sharply Monday, following theassassination attempton the former president, before shedding some of those gains. Notably, GameStop CEO Ryan Cohen posted on X what appeared to be anendorsement of Donald Trumpin the 2024 election shortly afterward.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120603503","content_text":"GameStop stock gained another 2% in premarket trading Wednesday, heading for eight straight sessions.GameStop meme trading is alive and well this month, with the videogame retailer rising for the seventh consecutive trading day on Tuesday.The stock closed up 5.7% at $28.54. It’s up 63% for the year, although its trading volume has subsided substantially since trader Keith Gill, better known as Roaring Kitty, reappeared in mid-May after about three years offline.The current streak has sent the stock price up 18% for its best seven-day stretch since June and its highest price in a month. GameStop stock’s highest close for the year was at $48.75 on May 14, when Roaring Kitty returned. Shares had been trading at around $11 in late April.The meme stock trade is notoriously volatile, trading more on momentum and excitement, rather than fundamentals such as earnings growth and cash flow.The stock is currently down 67% from a record high in January 2021. And GameStop stock has slipped from its intraday high for the year of nearly $65 set in May.Another meme-stock trade, Trump Media & Technology Group, rose sharply Monday, following theassassination attempton the former president, before shedding some of those gains. 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