GameStop stock roars back after Robinhood lifts trading freeze: GameStop Won't Stop!

GameStop stock roars back after Robinhood lifts trading freeze
GameStop shares spiked nearly 65 percent Friday, driving another tumultuous day on Wall Street in a week marked by a captivating drama about money, power and a tech-fueled rebellion.

The surge came after Robinhood announced that it would allow “limited buys” of GameStop and other heavily shorted stocks to resume on Friday amid reports that the popular trading app had raised $1 billion overnight from investors to comply with federally mandated capital requirements.

Shares were trading at $325 at the market close after nearly breaching $414 earlier in the session. GameStop’s stock sold for roughly $17 at the beginning of the year.

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The video game retailer’s sharp rise Friday ran counter to the broader market, as pessimism tied to dismal economic data and anxiety over the trading chaos took hold. The Dow Jones industrial average gave up nearly 621 points, or roughly 2 percent on the day. The S&P 500 fell 73 points, or 1.9 percent, while the Nasdaq shed 266 points, or 2 percent..... Will GameStop Last? Until Next time Check Gamers Link Below!

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