GameStop soars 100 percent as Reddit’s WallStreetBets board crashes
The mother of all meme stocks is acting up again.
Shares in GameStop skyrocketed 103.9 percent on Wednesday, with almost all of that action bubbling up in the final hour of trading.
The bizarre rally resulted in shares of the video-game retailer being halted with less than 30 minutes to go before the closing bell — and Reddit crashing by 4 p.m. as onlookers rushed to the site to figure out what was going on.
“Wtf!!! How the hell does gme grow from 45$ to 110$ in a hours…. so glad I bought a few more at 43$,” one user wrote.
The frenzied buying resulted in shares of the video-game retailer closing up $46.74 a share to $91.71 and continued to rise after hours, recently up 59.2 percent to $146.00.
The rally follows an executive suite reshuffling…