Feb 25, 2021 - Economy

The meme stock rally returns

Data: FactSet; Chart: Axios Visuals

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%.
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