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GameStop turns negative in wild trading day that saw its shares double at one point
GameStop erased a 140% rally and briefly turned negative in Monday’s wild trading. Retail investors talking in chat rooms and hedge funds rushing to cover their short bets against the stock earlier pushed it above $150 a share at one point. Shares of the brick-and-mortar video-game retailer dipped into negative territory after soaring as much as 144.9% to $159.18 at its high of the session in morning trading. The stock was halted for volatility multiple times. By midday trading, over 111 million shares has already changed hands, far surpassing its 30-day average trading volumes of 29.8 million shares. The stock was ... (full story)