Shares of GameStop (GME) soar up 67% before the opening bell on Thursday, following a 104% the previous day.
Investors have flocked to GME following the announcement that the company would be losing its chief financial officer next month on its path to modernization. GameStop jumped from around $47 a share to over $110 by the end of the day Wednesday.
The trading volume for GME yesterday was three times the five-day average. Trading for GME was halted twice yesterday in response to the massive gains
Reddit community r/wallstreetbets joined the fray, with users conferring about investment strategies and buy in points. The popular web forum experienced technical issues during the peak of trading yesterday around 1 p.m., with a tweet from the company claiming to have resolved the issues coming at around 2 p.m. EST.
Fellow meme stock AMC has also seen premarket gains this morning, up 18% before market open and climbing.
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