Why Is GameStop (NYSE:GME) Stock Up 10% Today?
Meme mania appears to be far from over. Indeed, when looking at the recent rallies seen in GameStop $GameStop(GME.US$ , it appears speculators still have reason to bet on GME stock, especially at these depressed levels.
Today’s 10%-plus rise in GME stock is the latest double-digit gain for the most-watched meme stock in the market. Shares of other high-profile speculative momentum plays have moved higher in recent days, as investigations around naked short selling proliferate for many beaten-up meme names.
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