What's Going On With GameStop Stock?

GameStop Corp. GME shares are trading higher by 9.70% to $30.87 Monday morning amid strength in 'meme stocks' and despite a lack of company-specific news. The stock was halted on volatility early Monday and has since resumed trading.

The stock is trending across social media platforms and GameStop is the #1-trending ticker on social media platform Stocktwits. The stock already has a session volume exceeding 11.30 million, nearly tripling the average volume of 4.64 million.

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GameStop shares may also be experiencing a short squeeze Monday morning. GameStop has a total share float of 268.00 million, of which 20.13% of shares are sold short.