Shares in GameStop and other so-called meme stocks popular among members of Reddit's WallStreetBets forum jumped on Thursday as investors bought shares whose prices tumbled in the previous session.
Shares in video-game retailer GameStop were last up 32.1per cent at US$159.02 with brisk trading volume, erasing much of the previous session's 33.8per cent decline after the company said it was evaluating the possibility of a share sale.Volatility has spiked this year in GameStop shares, which have risen from just US$18.84 at the end of 2020 and reached a record high of US$483 in late January before falling sharply and then kicking off another rally in late February.
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