GameStop has triggered six circuit breakers in the U.S. stock market today
2024-05-13 15:55
Odaily News The stock price of video game retailer GameStop once soared by more than 40% in pre-market trading in the U.S. stock market today, mainly because the social media character Roaring Kitty returned to the X platform after a three-year absence. GameStop's U.S. stock continued to rise after the opening. As of the evening of May 13, it had triggered circuit breakers six times, and the stock price increase narrowed to 63.29%. The increase in the early trading once exceeded 110%. Since May, the stock price of the troubled GameStop has soared by more than 57%, but it is still far from its peak in 2021. Roaring Kitty is known as the "leader" of American retail investors and has promoted retail investors to "fight" Wall Street in 2021. By constantly posting orders and making comments and predictions, it has promoted retail investors' enthusiasm for GameStop, attracted a large amount of funds to flow into GameStop, and ultimately defeated the short-selling hedge funds.
