GameStop Reportedly Experiences Surge in its Share Prices
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Just recently, the stock prices for GameStop have experienced a significant rise in the stock trading market. The data shows that the stock prices for the meme stock king have experienced a 27% rise on Tuesday, August 24, 2021 trading.
The company has revealed that the high rally in the stock prices for the company has been observed as the retail investors have made a comeback. The data shows that the investors are now back at full force to invest in GameStop.
During the peak time for GameStop’s trading, the share prices for GameStop experienced a 36.5% increase. This led the trading price for GameStop shares to go all the way up to an all-time high of $225 per share.
Further data around the trading volume for GameStop shows that a total of 14 million shares had been traded during the Tuesday, August 24, 2021 trading. The data shows that GameStop’s trading volume on Tuesday, August 24, 2021, was seven times more than the average the company has experienced in the last 30-days.
This information was shared by one of the stock trades’ data analyzing firms known as FactSet. The firm also revealed that the prices for other meme stocks also experienced a surge.
Apart from GameStop, the stock prices for AMC Entertainment also experienced a rise. The data shows that the stock prices for the company experienced a 20.3% rise for the Tuesday, August 24, 2021 trading.
AMC Entertainment is a prominent theater chain for movies and currently acts as one of the most active stocks in the markets. At present, AMC Entertainment’s stock price is traded on a very large scale on the trading platform of Fidelity.
Then the next company is Clover Health that has also witnessed a rise in share prices. The data shows that the share prices for Clover Health have experienced 10% on Tuesday, August 24, 2021 trading.
Then there is Bed Bath & Beyond that has also experienced a rise in share prices. The company has observed around a 4% rise in the share prices for the same day trading as other major meme stock companies.
Then, one of the most prominent and still, operating as a very hot stock is Robinhood, which has continued with its meme stock status. The data shows that on Tuesday, August 24, trading, the company has experienced a 9% rise in stock prices.
Apart from the above companies, other firms have not shown many promising outcomes in terms of their share prices. When it comes to the S&P 500 Index, it only experienced a 0.2% increase for the Tuesday, August 24, 2021 trading. Now the analysts are waiting for the next day to arrive so new trades and rise/fall can be observed for the respective companies and indexes.
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