GameStop Corp. (NYSE:GME) shares are trading higher by 12.2% at $170.55 amid continued volatility in the stock and despite a lack of company-specific news for the session. So what's happening?
The move higher could be a continuation of last week’s momentum. GameStop shares saw heavy volume and were trading sharply higher last week Chairman Ryan Cohen purchased 100,000 additional shares of the company’s common stock. Last week’s news and the additional gap up higher for Monday’s session has fueled GameStop shares up some 69.0% over the trailing five sessions.
