Shares of GameStop (GME) are moving higher after investor Michael Burry said he’s been buying the stock in an article posted on Substack. GameStop is up 7%, or $1.52, to $24.51 in midday trading.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GME:
- GameStop jumps 7% to $24.66 after Michael Burry says buying shares
- GameStop Soars as Ryan Cohen Doubles Down
- Costco, Strategy, Snap, Delta, GameStop: Insider Moves Exposed
- U.S. video game spending rose 3% y/y in December, says Circana
- Morning Movers: Abbott and McCormick sink following fourth quarter results