GameStop Shares Surge Over 100% in Pre-Market Trading, Last at $67, Peaking at $80

May 14, 2024, 11:31 AM

GameStop Corp. (GME) shares have soared dramatically in pre-market trading, more than doubling in value. The stock price reached $80 at one point, marking a significant increase from previous levels. As of the latest data, GME shares were trading at $67, up approximately 120%. This surge has caused substantial losses for short sellers, with losses reported at $4.4 billion since the beginning of May, $4 billion since Monday, and $3.2 billion today alone. The stock's meteoric rise has been a source of both excitement and pain for investors, with some noting the stock's previous recommendation at $12 and its rise to $80, up 170% today and 800% from $12. Additionally, GME was noted at $71.82, up 41.37 points, or 135.86%.