On Wednesday, shares of GameStop GME, +124.85% shares rose 141%, pushing the company’s market value to an eye-popping $25 billion from a little over $1 billion at the start of the month and $10 billion at the end of Tuesday’s action.
In fact, Deutsche Bank’s strategist Jim Reid said that more GameStop shares traded by value yesterday than either Tesla Inc. TSLA, -0.09% or Apple AAPL, +0.16%, a pair of companies that dwarf GameStop by market value. Still, that didn’t stop some 178,588,000 million shares changing hands, while comparatively, 98 million shares of Apple changed hands and 23 million shares of Tesla traded, according to Dow Jones Market Data.
Did they roll a truck down a hill
good the hedge funds need a piece of their own medicine
up $16 since this tweet
Maybe it is about time to buy puts
chamath 4President !!! Standing up for the smalls and screwing the big guys. Thanks for defending us on CNBC