From Barchart: 2025-05-28 13:31:00

1. GameStop shares surge after the company announces plans to transform into a technology-driven business. The stock jumped over 100% in one day, closing at $91.71 per share. This move comes as GameStop looks to capitalize on the growing digital gaming market and boost its online presence.
2. The GameStop rally also led to a surge in trading volumes, with over 93 million shares changing hands on Wednesday. This marked a significant increase from the average daily volume of around 6.5 million shares. The increased trading activity attracted both retail and institutional investors to the stock.
3. Despite the recent surge, GameStop’s stock price remains well below its peak of $483 in January during the Reddit-fueled trading frenzy. The company’s market value currently stands at around $5.1 billion, down from over $22 billion earlier this year. GameStop continues to face challenges in the highly competitive gaming industry.

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