Exchange Repeatedly Halts Gamestop Trading as Price Surges Past $100

Exchange Repeatedly Halts Gamestop Trading as Price Surges Past $100
People walk past a GameStop store in New York on Feb. 2, 2021. Chung I Ho/The Epoch Times
Petr Svab
Updated:

The New York Stock Exchange repeatedly halted trading in the stock of the video game retailer GameStop on Feb. 25 as its price surged above $100 per share in overnight trading. The stock has been favored by small investors who congregate on the Reddit forum r/Wallstreetbets.

By 10 a.m. on Feb. 25, the exchange had blocked trading of GameStop four times, at 9:33, 9:42, 9:48, and 9:56 a.m., each time for about five minutes. That means traders were only able to buy it for about 10 minutes in the first 30 minutes after the exchange opened.

Petr Svab
Petr Svab
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Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
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