After a 43% drop yesterday after Robinhood and other commission-free trade brokerage apps favored by individual traders halted trading in GameStop (GME) and other short-squeeze favorites such as AMC (AMC), today, January 29, the rally–which seems an inadequate description of the 1538% 3-month gain in GameStop shares–in GameStop and AMC has resumed with a frenzy after these brokerage companies again allowed trading in the shares.
As of the close today, January 29, shares of GameStop were up 68% and shares of AMC were up 54%. Yesterday shares of AMC fell 56%
Stay tuned. The ride isn ‘t over yet.