GameStop’s stock surge has calmed down — so why are investors buying its shares again?

GameStop shares have gone soaring again. The Texan computer games retail chain at the heart of the stock market drama at the end of January surged from US$44 (£32) to a high of around US$200 on February 26 before sliding back to US$120 at the time of writing. Institutional investors who had “short positions” against the stock, meaning that they were betting it was going to go down, were said to have racked up nearly US$2 billion losses from the rises. Other stocks involved in the first wave of retail trading mania such as cinema group AMC Entertainment have followed…

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