GameStop rally builds after puzzling ice-cream tweet
GameStop shares surged more than 50% today as amateur investors jumped back into the stock weeks after an unprecedented short squeeze triggered a 1,600% rally in the video game retailer.
The latest moves build on yesterday’s rally in GameStop and other so-called “stonks” – an intentional misspelling of “stocks” – favoured by retail traders on social media sites such as Reddit’s WallStreetBets.
The new frenzy puzzled analysts, who had ruled out another short squeeze of the stock which had battered…
