GameStop Halted After Dizzying Rise in Volatile Trading By Investing.com

GameStop Halted After Dizzying Rise in Volatile Trading

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GameStop Halted After Dizzying Rise in Volatile Trading

Investing.com -- GameStop Corp (NYSE:GME) soared 65% on Monday, and the shares were intermittently halted in volatile Monday morning trading, marking a dizzying and perplexing ride higher.

Shares of the video game retailer have doubled in a week. It is the most heavily shorted stock in the U.S, with more than 138% of its shares sold short, according to CNBC.

Earlier this month, GameStop said Chewy Inc (NYSE:CHWY) co-founder and former CEO Ryan Cohen would join its board. That news forced fierce buying in the stock as hedge funds and other traders tried to cover their short bets. The shares are up 2,962% over one year.

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S&P/TSX	18,320.67	-100.93	-0.55%
S&P/TSX 60	1,090.22	-6.36	-0.58%
US 30 Futures	31,288.0	+52.0	+0.17%
US 500 Futures	3,818.38	+1.63	+0.04%
S&P 500 VIX	26.11	-0.56	-2.10%
DAX	14,061.60	-18.43	-0.13%
Dollar Index	91.160	+0.218	+0.24%

Crude Oil WTI	62.29	+1.01	+1.65%
Brent Oil	65.07	+1.00	+1.56%
Natural Gas	2.788	-0.028	-0.99%
Gold	1,715.70	-0.10	-0.01%
Silver	26.170	-0.217	-0.82%
US Soybeans	1,411.88	+3.88	+0.28%
US Cotton #2	88.42	-0.03	-0.03%

USD/CAD	1.2631	-0.0022	-0.18%
EUR/USD	1.2037	-0.0025	-0.21%
USD/JPY	107.43	+0.43	+0.41%
GBP/USD	1.3959	+0.0006	+0.04%
CAD/USD	0.7916	+0.0015	+0.19%
EUR/CAD	1.5202	-0.0060	-0.39%
GBP/JPY	149.95	+0.67	+0.45%

Bombardier Inc	0.600	+0.010	+1.69%
Enbridge	35.14	+0.12	+0.34%
Air Canada	27.29	+0.89	+3.37%
Ovintiv	21.70	-0.39	-1.77%
Apple	122.06	-3.06	-2.45%
Alibaba ADR	236.27	+1.85	+0.79%
Twitter Inc	70.86	-2.81	-3.81%

GameStop Halted After Dizzying Rise in Volatile Trading

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