If it’s a day that ends in “Y,” you can be sure the video game retailer’s stock will be on the move.
What happened
Another day, another big move for GameStop (NYSE:GME) stock, which shot 18% higher on Monday on no news other than the momentum crowd on Reddit jawboning for higher highs.
So what
Unless you’ve just come out of a coma, you know the video game retailer’s stock has been especially volatile as traders piled into the shares to punish short-sellers who overplayed their hand by shorting more shares than were available to trade.
Source: Why GameStop Stock Soared Another 18% Today | The Motley Fool
