Koss on fire, GameStop jumps as meme stocks gyrate
10/03/2021 17:46
** Reddit favorite headphone maker Koss Corp KOSS.O last
up 51.6% to $27.13 on Weds
** KOSS jumps as much as 126% to $40.48; trading volume of
~41 mln shares so far is ~5x the 30-DMA
** Short interest in KOSS was nearly 75% of float as of Feb
26, per Refinitiv data
** After hitting session high of $348.50 midday, videogame
retailer GameStop GME.N rapidly lost ground and last traded
down 23.05% at $189.99 before being halted for volatility
** GME, which triggered a social media trading frenzy in
Jan, was looking to extend winning streak to 6 sessions as
markets eye fiscal stimulus boost urn:newsml:reuters.com:*:nL4N2L82Y8
** Other Reddit darling AMC Entertainment AMC.N rose as
much as 19% but was last down 4.1%
** Meanwhile, gaming platform Roblox Corp RBLX.N poised to
join the ranks of "meme stocks" as it makes its public debut
through a direct lisiting on Weds urn:newsml:reuters.com:*:nL1N2L81TM
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))