GameStop (GME) shares soared than 130% before coming back down to sit above 100$/each by mid-session on Monday following a crush on short-sellers. The stock was temporarily halted for trading throughout the morning, and at one point, dipped into red territory.
On Friday shares of the video game retailer closed 51% higher as short-sellers and reddit WallStreetBets users clashed causing a massive short squeeze on the stock. A short squeeze forces those who bet against the stock to buy in order…
Source link
