GameStop stock Reddit frenzy - up 10,400% in a month!
Though GameStop itself hasn't fundamentally changed much in the past month, its stock has shot up more than 10,400% -- that's not a typo. This dynamic has led Wall Street investors who bet against the company's future to lose billions of dollars, and the excitement is driving the hype even further.
Over the past week, the financial world watched in shock as GameStop stock rose to unthinkable levels. Even Elon Musk tweeted about it, pointing his 43 million followers to a link of the Reddit community investing in GameStop, called r/WallStreetBets.
By the close of regular trading Wednesday afternoon, the stock was $347.51 per share, up from from historic lows of around $3.30 per share in the summer of 2019.
https://www.cnet.com/news/reddit-makes-amc-gamestop-stock-go-wild-this-insane-ponzi-scheme-cant-last/