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Yun Li from cnbc said that The explosive rally in GameStop is showing no signs of slowing down as retail investors talking in chat rooms and hedge funds rushing to cover their short bets against the stock pushed it above $100 a share at one point Monday.
Shares of the brick-and-mortar video-game retailer soared more than 50% to $101.01 at its high of the session shortly after the open. The stock was then briefly halted for volatility. It was last trading up 35% to $87.80 when it reopened. Within 30 minutes of the opening bell, more than 25 million shares has already changed hands, almost matching its 30-day average trading volumes of 29.8 million shares.
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