Washington Post

GameStop, other 'meme' stocks surging again

Foto: Bloomberg/David Paul Morris

GameStop shares swelled 19% Thursday after surging as much as 88% in afternoon trading as retail investors returned to the shorted stock that set off a trading frenzy last month that shocked Wall Street and sparked federal scrutiny.

GameStop closed at $109.15, pushing the video game retailer's market cap past $7.6 billion, even as the broader market slumped. The Dow Jones industrial average fell 559.85 points, nearly 1.8%, to 31,402.01. The S&P 500 shed 96.09 points, or nearly 2.5%, to 3,829.34, while the tech-heavy Nasdaq tumbled 478.53 points, or 3.5%, to end at 13,119.43...

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