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.
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.