The stock jumped 13% to $ 46, reversing a series of losses to record its biggest gain in more than two weeks Stocks have lost about nine-tenths of their value since peaking at 483 $ in intraday trading at the end of last month

The latest big variation in the company’s stock comes after Keith Gill, the man behind Reddit’s frenzy in GameStop action, revealed a bigger stake in the title on Friday night A new screenshot posted to Reddit by DeepF — ingValue, his online username, showed that he had purchased an additional 50,000 shares, bringing his total stocks to 100,000 shares, valued at around $ 4 million Friday, the Wall Street Journal reported

The aggressive stance GameStop has already caused M Gill is a millionaire and hero to many individual investors, especially those on Reddit’s popular WallStreetBets forum

GME stock

World news – US – GameStop shares the blow after Reddit legend Keith Gill doubles down

Source: https://www.wsj.com/articles/gamestop-shares-surge-after-reddit-legend-keith-gill-doubles-down-11614008117