The company’s shares, which were at the heart of a Reddit-driven retail trading frenzy early this year, rose nearly 5% in pre-market trading.
Shares of Reddit-darling GameStop climbed on Thursday, rising more than 20% at one point in yet another unexplained move.
Bots on major social media platforms have been hyping up GameStop Corp and other “meme” stocks, according to an analysis by Massachusetts-based cyber security company PiiQ Media
The surge comes after a couple of weeks that saw the shares move in relatively tighter ranges
Executives from trading platform Robinhood and hedge funds Melvin Capital and Citadel Securities will be grilled following the retail-driven trading frenzy that sparked wild gyrations in GameStop
Shares of videogame retailer Game Stop jumped 11% in early deals on Monday even as recent social media-hyped trading hysteria in other stocks appeared to be fizzling out
GameStop shares slid in Frankfurt and US pre-market trade on Tuesday and a silver buying spree led by small investors subsided