GameStop Securities Rallies Another 15% Premarket, As AMC, BlackBerry, Koss And Naked Group Also Gain -- www.malkamdior.com
Shares of videogame retailer GameStop Corp . (GME) surged 15% in premarket trade Tuesday, extending Monday's 41% gain, after the company said it has created a new strategy committee to identify ways to accelerate its transformation.
The committee will be chaired by activist investor Ryan Cohen , manager of RC Ventures LLC and co- founder of Chewy Inc. (CHWY), and will also include Alan Attal and Kurt Wolf . It was the first communication from the company since it announced the departure of its CFO in late February.
AMC Entertainment Holdings Inc . (AMC), the world's biggest cinema chain, which was caught up in that January move, was up 2.5% premarket. The other handful of stocks that were promoted heavily by WallStreetBets were also higher Tuesday.
BlackBerry Ltd . (BB.T) added 5%, Naked Brand Group Ltd (NAKD) was up 7% and headphone maker Koss Corp . (KOSS) was up 9%.
Washington will keep the spotlight on Robinhood and other zero-commission brokers when the Senate Banking Committee holds a hearing on the GameStop saga Tuesday at 10 a.m. Eastern, with expert witnesses set to warn of the dangers of financial speculation.
It comes after the stock followed a historic surge to a record close of $347.51 on Jan. 27 , as the poster child of trading frenzy engineered by Reddit's WallStreetBets forum that targeted heavily shorted stocks.
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