GameStop, Clover Health rise in early US pre-market trading
World+Biz
05 February, 2021, 05:40 pm
Last modified: 05 February, 2021, 05:44 pm
GameStop’s stock has now slumped to about $53 after scaling as high as $483 last week
FILE PHOTO: A GameStop store is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri
Shares of videogame retailer GameStop Corp and insurance company Clover Health rose 3.5% and 4.1%, respectively, in early US pre-market trading on Friday.
Clover Health had slumped 12% on Thursday after short-selling specialist Hindenburg Research published a critical report of the Chamath Palihapitiya-backed company.
GameStop's stock has now slumped to about $53 after scaling as high as $483 last week in a rally fueled by amateur traders on social media forums such as Reddit's WallStreetBets. It is still up about 177% from levels at the start of the rally.
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