Shares of GameStop Corp. GME,
Up 11% in premarket trading Wednesday, a day after the stock closed at its all-time high since late January and pushed its market cap back above $ 17 billion. After falling about 90% from the highs of the meme stock buy frenzy in January, GameStop stock has skyrocketed more than 108% in the past five trading sessions, including Tuesday’s 27% gain. Shares closed Tuesday’s regular session at $ 246.90, up from a record $ 347.51 on January 27. The premarket profit implies a market capitalization of $ 19 billion. Other meme stocks, which caught up in January trading, were also higher for the market. AMC Entertainment Holdings Inc. AMC,
was 6% higher than the quarterly results to be published after the market closed. BlackBerry Ltd. BB,
rose 2.3%, Naked Brand Group Ltd. NAKD,
was up 1% and Koss Corp. KOSS,
was up 4.6%. Futures for the Dow Jones Industrial Average DJIA,
indicated a slightly higher open position, while futures for the S&P 500 SPX,
being on a lower open.