Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
GameStop Corp (NYSE:GME) shares are trading higher on above-average volume Wednesday as the stock trends across social media platforms.
GameStop was the top-trending ticker on Stocktwits at press time. It was also the most-mentioned stock on the Subreddit r/wallstreetbets over the last 24 hours. The stock is extremely popular among retail investors.
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Companies in the broader retail sector were also trading higher following strong earnings from multiple retail companies. Nordstrom Inc (NYSE:JWN), Dick's Sporting Goods Inc (NYSE:DKS) and Express Inc (NYSE:EXPR) are among the retailers surging Wednesday following strong financial results.
See Also: Why Express Stock Is Surging Today
GameStop's average session volume over a 100-day period is about 4.4 million, according to data from Benzinga Pro. Wednesday's trading volume has already exceeded 7.7 million at press time.
GameStop is scheduled to announce its first-quarter fiscal 2022 financial results after the market closes on June 1.
GME Price Action: GameStop has traded between $77.58 and $344.66 over a 52-week period.
The stock was up 26.6% at $112.70 at time of publication.
Photo: JJBers from Flickr.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.