GameStop, Reddit favorites catch bids as wild week draws to a close
12/03/2021 16:04
** Shares of GameStop GME.N , videogame retailer that
triggered a Reddit-fueled trading frenzy in Jan, last up 8.7% at
$282.55 early Fri
** GME shares on Weds gyrated and were halted several times
for volatility; stock hit session high of $348.50 midday, then
fell sharply into negative territory before finishing up 7% on
the day urn:newsml:reuters.com:*:nL4N2L82Y8
** Shares of another Reddit darling, headphone maker Koss
Corp KOSS.O , last up 23.4%
** And AMC Entertainment AMC.N up 8.1%. Cinema operator on
Weds said new movie releases and vaccine rollouts to boost
revenue in 2021 urn:newsml:reuters.com:*:nL4N2L8455
** Express Inc EXPR.N up 13.4%. Apparel retailer's stock
rallied 26% on Weds after it reported upbeat Q4 results
urn:newsml:reuters.com:*:nL4N2L82UF
** Gaming platform Roblox Corp RBLX.N joined the ranks of
"meme stocks" on Weds and saw its stock surge in debut. RBLX
shares down 5.4% at $69.90 on Fri, but still >50% above their
$45 direct listing reference price urn:newsml:reuters.com:*:nL1N2L82DM
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))