WallStreetBets Declares Victory as GameStop Stock Soars Over 50%

After being left for dead less than a year ago, GameStop (NYSE: GME) has come roaring back, ending the day up 50% to a new all-time high of $65.01, after trading for roughly $2.50 per share early last year. The recent run-up has all the earmarks of a short squeeze, which accelerated this week when a spat broke out between noted short-seller Citron Research and a group of investors that frequent the r/WallStreetBets subreddit. Members of the forum remained bullish and even encouraged other retail traders to buy GameStop.