- NYSE:GME added 0.98% on Thursday as the broader markets rebounded back to green.
- Meme stocks struggle to gain footing in the current short squeeze attempt, as AMC continues to fall.
NYSE:GME continues to defy logic and valuations and has somehow maintained its lofty triple-digit stock price. On Thursday, GameStop had another tumultuous session where the stock traded as low as $166.90 and as high as $174.91. Shares ended up in the green as GameStop added 0.98% to close the day at $170.49. The stock continues to trade above both its 50-day and 200-day moving averages, despite its low daily trading volume.
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Despite the ongoing threat of another looming Reddit short squeeze, meme stocks continued to struggle on Thursday. The recent short squeeze attempt has revolved around cinema chain AMC (NYSE:AMC), which fell once again despite the broader markets rallying for the first time all week. Other meme stocks like Palantir (NYSE:PLTR) and Naked Brands (NASDAQ:NAKD) also finished in the red, and were definitely outliers compared to most other stocks that finished in the green.
GME stock forecast
* Editor's note: This article has been edited after fact-checking the original story. The article inaccurately explained that Citadel headquarters in Chicago had been shut down by "a large police presence." on Thursday afternoon. Even though several people claimed on Reddit investing boards that this was the case, FXStreet couldn't find trusted sources to back up any of these claims.
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