Why GameStop Stock Soared Another 18% Today
Another day, another big move for GameStop (NYSE: GME) stock, which shot 18% higher on Monday on no news other than the momentum crowd on Reddit jawboning for higher highs.
Unless you've just come out of a coma, you know the video game retailer's stock has been especially volatile as traders piled into the shares to punish short-sellers who overplayed their hand by shorting more shares than were available to trade.
The resulting massive short squeeze caused short-sellers to lose billions of dollars and triggered congressional hearings on what occurred.
Source Fool.com
