GameStop More Than Doubles Premarket as Stock’s Surge Continues

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GameStop Corp. extended its eye-popping surge in premarket trading on Monday, more than doubling from Friday’s close as bullish day traders maintained the upper hand over short sellers.

The stock rose as high as $136.63 compared with the last closing price of $65.01. It climbed 51% on Friday, with trading being halted at least four times in New York on the way to a record close.

GameStop’s parabolic rise has showcased the divide between day traders and bears betting on a quick return to reality. Short seller Citron Research said Friday it will stop commenting on the stock due to the actions of “an angry mob,” referring to a backlash by Reddit users.

GameStop More Than Doubles Premarket as Stock’s Surge Continues

More than 193 million shares were traded on Friday, marking the most active day for the company since it went public in 2002.

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