GameStop Corp. and AMC Entertainment Inc. shares burst out of the gate Friday and both finished for their best week ever as an army of social-media rallying retail investors sought to take on established Wall Street firms.
By Friday’s close, more than 49 million shares of GameStop had exchanged hands. That’s less than the 10-day average daily volume of 91.8 million, but more than the 52-week average daily volume of 10.8 million. AMC share volume was even more pronounced, trading more than 589 million shares by the close, compared with a 10-day average of 367.8 million and a 52-week daily average of 25.5 million shares.
BB Liquidating Inc. BLIAQ, +14.29%, the holding company of long-bankrupt Blockbuster Video that lives on as a penny stock, surged more than 70% at the open to 14 cents a share, and finished up 14% at 8 cents a share. That closes out a week where the penny stock’s price has surged more than 1,200%. Interest in buying and holding stocks that are heavily shorted has risen greatly since retail traders using Reddit have sought to retaliate against Wall Street firms en masse since mid-month, when GameStop shares started their meteoric rise.
It will go up even more,funny to see how hedge funds r losing tons of money and small ppl r getting rich 😎😎 fuk hedges funds! HOLD GME!
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$AMC