GameStop’s shares jumped 50% in premarket trading Monday. Shares have been on a rally since Ryan Cohen joined the board, causing short sellers to buy stocks at a higher price, creating a short squeeze. Prices have increased 250% in January alone.
Tag: GameStop Corp
IRS delays tax filing deadline, JC Penney yanks earnings outlook
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 245,000, according to data compiled by Johns Hopkins University. Global deaths: At least 10,031, according to Hopkins data. US […]
Stocks making the biggest moves after the bell: GameStop, Cloudera and Visa
Pedestrians walk past a GameStop Corp. store in New York, U.S. Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Shares of GameStop fell more than 8% in extended trading after announcing holiday sales numbers that were down sharply from the previous year and lowering guidance. For a nine-week […]