FILE - An exterior view of a GameStop store on July 21, 2020 in Pembroke Pines, Florida. (Johnny Louis/Getty Images)Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall.The share prices instead spiked this week as retail investors, spurred by the online Reddit forum WallStreetBets, piled into the stocks.
The volatility continued Wednesday as platforms like Robinhood and Interactive Brokers limited trading on certain stocks.GameStop Corp.
shares have risen by more than 1,900% since Jan. 8, hurting market short-sellers. Shares soared from $17.08 a few weeks ago to $347.51 at Tuesday's close.