GameStop stock rises, breaks $28 level

Yahoo Finance Video

Mon, Oct 31, 2022, 11:26 AM

In this article:

Yahoo Finance's Ines Ferré discusses the rise in GameStop stock and level of short interest.

Video Transcript

[AUDIO LOGO]

- And now, for our trending ticker of the day, GameStop. The video game retailer's stock is up today. The stock is up 23% actually, over the last five sessions, breaking the $28 level on Friday.

And short interest on this stock is just about 20%. That's high. Bob Sloan, the CEO of data analytics firm and S3 Partners recently told Yahoo Finance if the stock goes past 30, you could see something parabolic. And the stock is right now past 30. In fact, it was halted for volatility earlier this morning.

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GameStop stock rises, breaks $28 level

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