Shares of the American company GameStop, specializing in the retail sale of video games and consumer electronics, rose by 68% at the end of trading, with the stock achieving a weekly gain of 400%. Additionally, shares of AMC Entertainment increased by 53% last Friday.
This surge followed the resumption of trading on stocks from online brokerage platforms such as Robinhood and others. Texas Attorney General Ken Paxton stated that an investigation has begun into Robinhood and 12 other online exchanges for suspending trading on GameStop and other unwanted stocks, adding that the halt in trading appears to show coordination among stakeholders.
