Shares of GameStop (NYSE: GME) extended their torrid recent gains on Tuesday. By the close of trading, the video game company's stock price was up a stunning 92.6%.
GameStop's shares are now up more than 1,000% since the beginning of the year. Analysts say the stock's staggering ascent is due largely to a short squeeze , driven by a slew of individual investors who are coordinating their buying efforts on sites such as Reddit and Twitter (NYSE: TWTR) .
GameStop's stock price is up more than tenfold in 2021. Image source: Getty Images.
For further details see:
Here's Why GameStop Stock Soared Today -- and Then Surged Even Higher in After-Hours Trading