(Reuters) – Shares in Reddit-darling GameStop climbed to a session high of $ 147.87 when volume spiked Thursday afternoon and the video game retailer’s stock last rose 4.5% after a few gains.
The stock last traded at $ 129.80 after hitting its all-time high since a surge in the stock on Feb. 25, which was one of the company’s four largest trading volume days ever. Trading volume was last 0.5 times GameStop’s 10-day moving average.
Meanwhile, another focus for the Reddit investment forum Wallstreetbets, AMC Entertainment also saw a spike in trading around the same time, but after rising to $ 8.56, it quickly dropped back to negative territory, dropping 7.6% last. .
(This story corrects paragraph 2 to show that February 25 was one of GameStop’s biggest trading days ever, not the biggest)
Reporting by Sinéad Carew, edited by Franklin Paul