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Signage is displayed in a GameStop Corp store. in Oswego, Illinois, USA
Photographer: Daniel Acker / Bloomberg
Photographer: Daniel Acker / Bloomberg
GameStop Corp. extended its surge in pre-market trading on Monday, more than doubling from Friday’s close as bullish day traders maintained the upper hand over short sellers.
The stock was up $ 136.63 from the last closing price of $ 65.01. he climbed 51% on Friday as trading was halted at least four times in New York on the way to a record close.
GameStop’s parabolic rise has shown the divide between day traders and bears betting on a quick return to reality. Short seller Citron Research said on Friday it would stop commenting on the stock due to actions from an “angry mob,” referring to a reaction from Reddit users.
More than 193 million shares traded on Friday, marking the company’s busiest day since its IPO in 2002.
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