Markets

Social Buzz: Gamestop Continues to Rally as Wallstreetbets Investors Push Shares Higher

7:59AM ET 3/01/2021 MT Newswires
Gamestop (GME) shares continued an upward trend from the previous week, trading up 6% in Monday premarket activity, amid ongoing interest from investors in the wallstreetbets Reddit forum.

US stocks indexes including the S&P 500 and Dow Jones Industrial Average were up in early trading. Analysts said retreating Treasury yields and vaccine optimism gave a boost to most markets.

AMC (AMC) was up nearly 11%, American Airlines (AAL) up 4% and data-oriented technology company Palantir (PLTR) was up 5%.

Nokia (NOK), Blackberry (BB), and Tesla (TSLA) traded slightly higher, while marijuana company Sundial Growers (SNDL) was up nearly by 5%. Headphone manufacturer Koss Corp (KOSS), another wallstreetbets favorite, was up 2%.