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Why GameStop (GME) shares have been halted after recent price surge
GameStop (GME) shares soared to around 110% on Monday and were halted due to market volatility after the return of Roaring Kitty
GameStop (GME) shares soared to around 110% on Monday and were halted several times due to market volatility after the return of “Roaring Kitty” to social media. The engineering of the squeeze happened when a mass squad of meme traders attempted to strike back at Wall Street and the heavyweight financial institutions which were left scrambling to recover their figures after their bets against GameStop backfired. The real-life character has kept a low profile in recent times but his return to social media over the weekend is a change of tack, attributed as the key factor in the sudden GameStop stock surge.
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