GameStop (GME.US) stock jumped another 15% in premarket, setting the videogame retailer on track for its longest streak of daily gains in six months. The stock has skyrocketed more than 108 % over the past five trading sessions, including Tuesday’s 27% gain and the company's market cap surpassed $17 billion. Contrary to January, the current rally is driven by expectations of future growth after Chewy's founder and former CEO Ryan Cohen, who is one of GameStop's largest shareholders, decided to lead a new strategy committee which aims to identify ways to accelerate the company's digital transformation. Other meme stocks are also moving higher. AMC Entertainment (AMC.US) rose 13% and Blackberry Ltd (BB.US) gained more than 7% in premarket.
GameStop (GME.US) stock jumped more than 1,200 %, year to date, and gained approximately 5,700 % over the past 12 months. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
