GameStop’s Frankfurt-listed shares climbed past 220% on Thursday morning, even outperforming previous day’s surge in the video game retailer’s New York Stock Exchange -listed shares, as analysts attempt to determine what may be causing the unexpected rise.
SOPA Images/LightRocket via Getty ImagesThe surge in Germany comes after the video game retailer’s NYSE-listed shares ended Wednesday’s trading upIt is unclear if the current surge is being driven by investors on Reddit’s r/WallStreetBets forum—who had helped fuel aPart of the enthusiasm around the stock could be fueled by the exit of GameStop’s former chief financial officer Jim Bell, who resigned on Wednesday after the company’s boardThe other popular stock in last month’s so-called...
Steve Huffman and his stock speculation site reddit will continue to drain the savings of its users. Through this shared experience they will build a bond of losing and reddit will eventually just have one forum /wsl Wall Street Losers.
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