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GameStop Relives Extreme Volatility in Roller-Coaster Day

  • Shares gain after being halved in less than 30 minutes
  • Extends longest winning streak since Sept. amid 124% rally
Bloomberg business news
The Roller-Coaster Day for GameStop Shares
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GameStop Corp. ended the session higher after a roller-coaster session that echoed the wild swings in January when the company first rattled markets.

Shares closed up 7.3% to $265 in New York, extending gains for a sixth day, its longest winning streak since September. But it was not a smooth ride for the video-game retailer. At one point, shares whiplashed violently, with the stock bouncing between $348 and $172 in about 22 minutes, triggering multiple volatility halts. Volume also exploded, with over 70 million shares changing hands, almost double what’s been seen in the past week.