Blackburn 1-1 Swansea: Visitors miss chance to go second in table
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AMC, similarly, had gone as high as $16.50 per share before dropping to about $8 and then inching up to $9.50. GameStop shares jumped to a high of $483 per share early in the day, then dropped to around $246 by midday ET, only to rally minutes later to more than $300. The Reddit community r/WallStreetBets has become a central hub of a financial push to hurt Wall Street investors who bet big against GameStop’s future. As the social media investors pushed shares of the company up, Wall Street has had to recalibrate its bets, pushing shares beyond their all-time highs.
The moves mark the spectacle of what some investors call a war between Wall Street and social media traders. The New York Stock Exchange as well has stepped in amid the frenzy, temporarily halting AMC trading at least 10 times since the market opened at 9:30 a.m. ET, and GameStop shares at least a dozen times. The moves came after popular stock trading apps such as Robinhood and TD Ameritrade announced they would restrict trades of stocks being heavily bet on, including GameStop and AMC.
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