GameStop (GME) shares were up about 30% about 30 minutes into the trading session on Thursday. The stock's rally is an extension of the sudden 104% gain on Wednesday. Those watching the last hour of trading yesterday wondered if an afternoon tweet from activist investor Ryan Cohen was one of the catalysts for the unexpected spike.
A Capitol Hill hearing Thursday over the short squeeze of GameStop stock highlighted the relationship between Robinhood and Wall Street.
Yahoo Finance’s Jared Blikre, Brian Sozzi, Julie Hyman, and Myles Udland preview the GameStop Congressional hearing happening today.