Shares of GameStop have soared in recent weeks because of support from individual investors on Reddit. Despite the losses following the opening bell, GameStop (GME) shares are still up about 1,700% this year — surging from just under $20 at the end of 2020 to a current price of about $265. It’s largely because of an army of investors who are buying the stock to hurt hedge funds that have bet against GameStop.
GameStop short squeeze pits small investors vs hedge fund short sellers
