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video game

GameStop shares rise in early trade before being halted

GameStop shares rise in early trade before being halted

  • The stock hit $160 at the open before being halted after several minutes of trading. Shares were changing hands at around $129 before the second halt.
  • A short squeeze takes place when the price of a heavily shorted stock rises sharply, forcing short-sellers who had bet against the stock to buy it at those prices to avoid further losses.
Published 25 Feb, 2021 08:13pm