Business • Markets

Shares in GameStop have risen more than 1,900% this year, as Reddit traders retaliate against Wall Street funds

Since January 1, despite no real change in the underlying business, GameStop's share price has surged 1,915 per cent.

Shares of video game retailer GameStop and movie theater giant AMC Entertainment soared to astronomical levels Wednesday as an apparent swarm of ordinary investors, spurred on by a Reddit message board, took on big Wall Street funds that had bet the stock prices would fall.

The GameStop and AMC price surges were so dramatic that trading for both companies was temporarily halted by the stock exchanges to temper volatility.

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Card reviewed by: @ericof