Before the close of stock market on Wednesday, GameStop (GME) stock prices started to rise again and closed the day with a jump of around 104% which is US$ 91.71 a share. This is the highest stock has been since last month when it peaked around US$ 483 per share.
According to different sources, it is not clear what is happening here. But it is good news for the famous subreddit r/WallStreetBets. This community is full of retail investors and they hailed this is proof that the GameStop rollercoaster ride is not over yet.
Despite all of this, GameStop’s Chief Financial Officer announced his resignation yesterday, reasoning “lost faith” by the board of directors, according to different sources.