GameStop jumps more than 16% as 'meme' stocks roar higher - News Summed Up

GameStop jumps more than 16% as 'meme' stocks roar higher


Shares of AMC Entertainment Holdings ended up about 20% while Koss Corp gained 22.9%. Roughly 26% of GameStop's float or 14.76 million shares were on loan as of May 24, according to Astec Analytics. More than 14 million shares in the company changed hands on Tuesday, marking its busiest trading day since mid-April. Some 129 million shares of AMC Entertainment, or 28.8% of its float, were on loan on May 24, Astec data showed. A short squeeze helped send shares of GameStop on a 1600% run in January, though the stock pared much of those gains the following month.


Source: Mint May 26, 2021 00:33 UTC



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