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Reddit Stocks Gain Again Following Wednesday’s Rally – GameStop Up 81%

Updated: 25 Feb 2021

Reddit or meme stocks are rallying again premarket after yesterday saw investors pour back into the company's shares following similar rallies back at the end of January.

Wednesday saw GameStop shares close over 100% higher, with AMC stock closing 18% higher and Koss Corp shares gaining 54%.

GameStop shares were halted twice on Wednesday, with its trading volume around three times higher than the five-day average.

Investors seemed to gain new interest in the stock on Tuesday after the company announced its chief financial officer Jim Bell will resign on March 26th, with sources telling Business Insider that Bell was pushed out by Ryan Cohen, who made an investment in the company last year.

Thursday has seen shares in the meme stocks gain again. Koss rose 82% premarket while AMC Entertainment climbed 19%, and GameStop moved 81% higher to $166.26 per share.

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