GameStop Is Surging Again

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GameStop Is Surging Again. And No One Can Say Why.
By Connor Smith
Updated Feb. 24, 2021 6:44 pm ET / Original Feb. 24, 2021 6:12 pm ET
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GameStop shares doubled on Wednesday with most of the gains coming in the last hour of trading. The rally carried over into after hours trading, with the stock up another 70% in the extended session. The cause of the move is up for debate.

The rally is a sudden return of volatility for GameStop shares, which surged in late January. At Wednesday’s close of $91.71, the stock is still down 74% from its closing high of $347.51 on Jan. 27. Wednesday’s 104% gain was the stock’s largest percent increase since Jan. 27, according to...

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