GameStop Stock Surge

GameStop (NYSE:GME) stock witnessed a significant surge, climbing as much as 10% during intraday trading, marking the largest increase since December 11.

Catalyst for Growth

The jump in stock value followed a December 25 post by Keith Gill, also known by his online moniker Roaring Kitty. The post included an image of a gift, without any explanatory text.

Trading Activity

Trading volumes for GameStop soared, reaching nearly five times the 20-day average for the corresponding time of day, according to data compiled by Bloomberg.

Winning Streak

The stock's ascent on Thursday contributed to a five-day winning streak, the longest since November 11.

Yearly Performance

Throughout the year, GameStop shares have increased notably, with an 85% rise in value.

Investor Interest

The company's stock movement has been closely watched by investors, especially after earlier events that saw significant volatility in its share price due to retail investor phenomena and online trading platforms.

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