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Old February 24th, 2021 #9
Stewart Meadows
Senior Member
Join Date: May 2018
Posts: 12,252
Stewart Meadows

‘The war continues’: Small investors up in arms after GameStop stock trades halted amid price surge & reports of Reddit outages

24 Feb, 2021 23:47

GameStop shares have again soared, surging by more than 100 percent until a trading halt slowed the rally before markets closed, stoking suspicions among small investors, some pointing to mysterious Reddit issues during the spike.

$GME was up by nearly 104 percent when trading stopped on Wednesday, more than doubling its value over the last 24 hours, but the surge was stopped in its tracks by a trading halt imposed some 15 minutes before markets closed.

Observers online noted that while halts are typically short-lived and last only a few minutes, the suspension of GameStop trades endured until markets closed at 4pm eastern.