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GameStop Jumps 63% in After Market, to $243 and Counting

Published 01/26/2021, 05:01 PM
Updated 01/26/2021, 05:10 PM
© Reuters

by Liz Moyer

Investing.com -- There's speculation, and then there's just plain crazy. GameStop Corp (NYSE:GME) shares soared 62% after the market closed on Tuesday, to reach $243, and that's after nearly doubling during regular trading hours.

Elon Musk appears to have something to do with this.

The Tesla Inc (NASDAQ:TSLA) CEO, who is known for his itchy Twitter trigger finger, tweeted a shoutout late Tuesday and a link to the Reddit board whose members reportedly are responsible for the run-up in GameStop shares in recent days. The retail investors are battling professional traders who have heavily shorted the stock.

Latest comments

It's time America stops being addicted to sensationalism. Soap opera politics by a TV host under Trump was a lost 4 yrs for America with a lot of hoopla.
'$hort-squeeze' to what? 154 was the peak a few yrs ago. So these days being above that means No real $hort squeeze -- Wouldn't be surprised if it opens tmr without a change. Andrew Left, famous short seller, could be shorting the open.
still, Musk's tweets have too much power. The "signal" case proved it already. So, my question is, should I be lookout for Musk's tweets and buy for whatever he says. I think I should.🤔 Just wondering how many times this will work.
The SEC?  I do not see anything illegal in this.
I'll stick and sleep well with Applestock long.
These people arent sticking it to anyone. They just up the liquidity and are going to make more on the way down. The temporary price increase doesnt change the fact its a bad business.
lol every news are trying to bash the retailers for what is happening to GME. They totally forget what's happening right now is because of Melvin manipulation, they over leverage their shorts and now they have to pay for it.
Hopefully the media can push the short interest over 200% lol
hopefully mainstream media doesn't ruin WSB, like they went after that 4chan guy.
The short sellers lost the game. The retail investors proved to be invincible. Don’t short when Fed is behind the Long force.
Who do you think will loose equally as much or more when this rebellious pump stops? - retailers/Virtue signaling snowflakes
Young ones have always been revels. This is their way to stick their finger to fruitcake Wall street and Dems
LOL
I have never owned or shorted this stock but I think it's great what is happening.  The pro want to put Gamestop out of business and they got burned soooooooo badly. I love it.
I'm glad people are making their money since you can't knock the hustle, but let's be honest Gamestop is a terrible company that needs to either downsize or go bankrupt. As they are now they have no viable future. Let those resources be redeployed into the economy to make a more meaningful contribution to society.
But why would you keep on artificially inflating GameStop stock? Do people not understand about the "Greater Fool Theory"? Why would you invest in that, when you can get better return on others. But people are not buying because they believe in GME, they are buying call options to trigger a gamma squeeze which is pushing prices up higher which in turn is triggering a short squeeze. It is madness.
Retail investors are just having fun at the expense of big money players. This is really interesting to watch
$1000 PT
not insiders. we are outsiders! maybe the 'in' crowd. I wanna help
Think it's funny everyone mad at retail investors over this. What about the institutional shorts who got way out over their skiis trying to bankrupt a struggling company? You reap what you sow
How does shorting a stock cause a company to go bankrupt?
Elon....
Don't forget about the 99 cent store
Great we can use GameStop as evidence of the recovery and pump stocks to even more all time highs. Who needs the rest of the economy anyway
cool. I'm in!
good thing the SEC doesn't work anymore
next up. dds and lgnd load the boat
Good! Maybe the big boys will think twice before trying to manipulate markets
🤣🤣🤣
I'm in. don't want to miss it
GameStop is going to at least 250b market cap
 Yes retail and loser instos like MELVIN capital who are behaving like noobs
We’re going to $1000 at least probably much higher. It’s still early if you don’t own any shares yet
Where do I buy stock? I'm new to this. How does it work?
 buy from a broker that doesn't lend out your stock for short selling - opt out if you have to
Don’t buy on margin either. They can loan your shares out to institutions to short if you do. Buy with a cash settled account.
AUDUSD Today is dawooon 76900 I say .
because he knows we're all going to buy a Tesla with the gainz.
with the tendies*
with the tendies*
53k into 22 million....unreal!
better than a lottery ;)
Fuxx you citron!!!!
Insanity. Full stop.
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