GameStop Shares Skyrocket Amid Short Squeeze
Historical Prices Reveal Dramatic Fluctuations
GameStop's stock has experienced extreme volatility in recent years, with its all-time high reaching $120.75 on January 28, 2021. The stock's all-time low was $0.64, reached on April 3, 2020. In January 2021, the stock closed at $81.25 on January 29, up 161.05% for the month.
Factors Contributing to Stock Surge
The recent surge in GameStop's stock price has been attributed to a short squeeze, where investors who had bet against the stock were forced to buy back their shares at inflated prices. This buying frenzy was fueled by a surge in activity on Reddit, where individual investors coordinated their efforts to drive up the stock price.
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