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Inside GameStop’s chaotic week in the stock market, which saw Reddit day-traders revolt against a renowne.. – Business Insider
GameStop has more than tripled this month as retail investors cheer each other on to keep buying shares and avoid the urge to sell.
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- GameStop’s stock began the week by spiking on a board-of-directors shake-up.
- That price action eventually exploded into an all-out battle between online day-traders and short-sellers decrying the share gains.
- Those short-sellers – including the renowned Citron Research – argued prices will crash soon. But Reddit traders had other ideas as they bid the stock up to levels that triggered a halt in trading.
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