The meme stock rally returns
Shares of GameStop rose by more than 100% on Wednesday, with almost the entirety of the gain coming near the close of trading.
Details: Shares were halted less than 30 minutes before the market closed and the stock ended the day up 104%, the most since Jan. 29, when trading platform Robinhood restricted buying in it and 49 other stocks at the height of a market frenzy.
- The company's stock continued its surge after the bell, rising to a high of $185 in after-hours trading.
The gang's all here: Other so-called meme stocks also came along for the ride, though their gains were considerably smaller than GameStop's.
- AMC Entertainment rallied 18% capping a three-day gain of 59%.
- Express surged 41%.
- Koss Corp. jumped 55%.
- BlackBerry added 9%.