On Tuesday, a risky buying and selling session largely pushed by a campaign by members of the Reddit discussion board r/WallStreetBets noticed GameStop (NYSE: GME) bounce 92.7%. Buying and selling of the inventory has been halted a number of occasions within the final week as value spikes triggered market protections.
After Elon Musk joined the fray, tweeting “GameStonks,” shares rose 50%. The video gaming inventory is now value $10 billion and labeled as a large-cap inventory, in line with Bloomberg.