GameStop up 13% more as 'Reddit army' bets on sales turnaround

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By Susan Mathew
(Reuters) - "Meme" stock-in-chief GameStop jumped another 13% in value on Friday, building on a surge since results earlier this week that showed online sales improving and a much-hyped management reshuffle gathering pace.
The video-game retailer, whose shares rose as high as $483 in a battle with short-sellers in January, has now risen more than five times in value since hitting a low of $38.50 per share in mid-February.
It was trading at around $190 by mid-morning, but was still down about 5% on the week after the company pointed to the possibility of a share sale in its earnings filing on Tuesday.
"It's fascinating because it seems that the Reddit army is doubling down and believing that the company is going to be able to shift ...


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