GameStop up for fifth day as meme stocks recover

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Shares of GameStop jumped for the fifth day running on Tuesday, as news on the video retailer's e-commerce strategy and speculation that small investors will pour stimulus checks into markets showed signs of reheating January's 'meme' stocks boom.

FILE PHOTO: The GameStop store sign is seen at its shop in Westminster, Colorado January 14, 2014. REUTERS/Rick Wilking

GameStop shares were up 15.1% to $223.70 premarket, a day after the company tasked Chewy co-founder Ryan Cohen -- a major GameStop shareholder and board member -- with spearheading the company’s online sales efforts. Shares in the company are still far below January peaks of more than $480 a share but the recovery may reduce losses for more of the investors who lost money on the stock’s subsequent collapse.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

thanks

they like the stock.

*stonks

you're a meme journalists

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines