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Technology Stocks : GameStop Corp (GME)
GME 22.58-3.5%3:59 PM EDT
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From: Sr K1/25/2021 6:46:22 PM
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WSJ excerpt

On Reddit and chat forums, day traders were shouting it from the rooftops: Buy GameStop!

Lots of people did, sending the shares of the once-moribund mall retailer to new highs in what has become a gladiator match between so-called redditors and Wall Street shorts. GameStop Corp. surged as much as 145% to $159.18 Monday morning, before sinking below Friday’s close only to bounce back up again to close Monday at $76.79, up 18%.

The move, which extended GameStop’s gains for the year to more than 300%, is the latest sign that frenetic trading by individual investors is leading to outsize stock-market swings.

The volatility prompted the New York Stock Exchange to briefly halt trading nine times. About 175.5 million shares changed hands Monday, the second-largest one-day total on record, according to Dow Jones Market Data. That compares with the 30-day average of 29.8 million shares.
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