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Dubai, United Arab Emirates (CNN) – Shares in GameStop are up 67% ahead of the market opening Thursday, after Busy day witnessed the stock On Wednesday, it jumped 104%, to reach $ 91.71, compared to about $ 45 at the previous day’s close.
Investors are gaining interest in the stock again a few days after the company announced that its CFO will resign next month to help “accelerate the GameStop transformation,” which could fuel investors who believe in the long-term value of the retailer and its ability to transform from physical stores to electronic retailers.
The stock was halted twice on Wednesday, and its volume was nearly 3 times the average for the stock’s 5 days, according to data provider Refinitiv.
The rally comes after nearly a month of GameStop trading frenzy that caused the company’s stock to rise nearly 1,600% in a matter of days, despite rapidly falling from its highs of $ 350.
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