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WATCH: GameStop Corp. shares nearly doubled during exchange hours and then surged in postmarket after Elon Musk tweeted about the video-game retailer.Daybreak: Australia." (Source: Bloomberg)

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By Paul Jarvis and Bailey Lipschultz

January 27, 2021 at 9:37 AM UTC

Updated on

January 27, 2021 at 9:17 PM UTC

This article is for subscribers only.

GameStop Corp. had the biggest day yet of its dizzying rally, adding more than $10 billion in market value, as bullish day traders kept the upper hand over short sellers.

The shares advanced 135% to $347.51 at the close Wednesday after triggering three volatility halts. The video-game retailer’s market value has risen more than 18 times this month to about $24 billion, making GameStop bigger than almost half of the companies in the S&P 500 Index.