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GameStop jumps more than 100% even as hedge funds cover short bets, scrutiny of rally intensifies

GameStop jumps more than 100% even as hedge funds cover short bets, scrutiny of rally intensifies

Posted By: Editorial Teamon: January 27, 2021In: NEWSNo Comments

Shares of GameStop surged again Wednesday, continuing the streak of wild swings for the stock as several high-profile short sellers said they had backed away from their positions. The name traded at roughly $337 per share when it was briefly halted shortly after 1 p.m. ET, up almost 128% from Tuesday’s close and giving the company a […] Read more

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