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GameStop up for fifth day as meme stocks recover

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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.

 

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they like the stock.

*stonks

you're a meme journalists

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