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Deja Vu All Over Again: Gamestop Halted After Soaring 70% In Minutes On No News

Deja Vu All Over Again: Gamestop Halted After Soaring 70% In Minutes On No News

The squeeze is back.

About a month after everyone was transfixed by the Gamestop-led short squeeze insanity, which however fizzled in early February when the stock plunged more than 80% from as high as $500 to $40, moments ago GME exploded higher, surging more than 70% in the last half hour of trading on no news, and what appears to be yet another attempt to spark a short squeeze…

… which however will be difficult with just 32.8% of the float now short, a drop of roughly 100% from a month ago.

 

Tyler Durden
Wed, 02/24/2021 – 15:42

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