Here's Why GameStop Stock Skyrocketed More Than 100% Today -- and Why It Could Be on the Verge of Collapse

Here's Why GameStop Stock Skyrocketed More Than 100% Today -- and Why It Could Be on the Verge of Collapse
Joe Tenebruso, The Motley Fool
·2 min read

Shares of GameStop (NYSE: GME) extended their torrid recent gains on Wednesday as a horde of traders rushed to buy the video game company's stock in attempt to crush short-sellers and drive its price to astronomical levels. As of 1:25 p.m. EST, GameStop's stock price was up a shocking 125%. GameStop's shares are now up nearly 1,700% so far in 2021 -- and it's still January.