GameStop Shares Surge Again
Tweet from Elon Musk Triggers Spike
GameStop Corporation (GME) shares experienced another significant surge on January 27, 2023, following a tweet from prominent entrepreneur and Tesla CEO Elon Musk. Musk's tweet, which simply read "GameStonk!!", was interpreted by many as an endorsement of the struggling retailer's stock.
The tweet from Musk ignited a buying frenzy, causing GME shares to soar by over 20% in after-hours trading. This surge followed a sustained rally in GameStop's stock price in recent weeks, which has been attributed to retail investor enthusiasm and a short squeeze.
GameStop's resurgence has been a major story in the financial markets, and Musk's tweet has added fuel to the fire. It remains to be seen whether the stock will continue to rise or if it will experience a correction in the near future.
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