users who came together to short squeeze the hedge funds that bet against the video game store chain.opened at 9:30 a.m. ET at $104.54 but shot up to $109.42 by 9:37 a.m. At the time of writing, GameStop stock is at $106.61. Following a few explosive weeks, GameStop shares were up by five percent premarket on Monday. But why is GameStop stock going up?
A man looks at GameStop at 6th Avenue on February 25, 2021, in New York. GameStop's stock has risen again amid a flurry of new posts on r/WallStreetBets.Today, on the r/WallStreetBets group, a thread titled"Daily Discussion Thread for March 01, 2021," was established and amassed more than 9,500 comments in around four hours, while a separate thread titled"GME daily thread March 1, 2021" received more than 14,500 comments in three hours.
One Reddit user said:"I used to hate Mondays. Then I found the stock market," while another said:"I'm home 'sick' today."
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