Tech

Don’t look now, but GameStop’s stock price is surging again

Enlarge / HODL! (credit: Getty Images) GameStop’s stock price saw yet another sudden surge in late trading hours on Wednesday. After opening at 44.70 that morning, the price shot up from $52.41 at 3pm to $91.71 just before the market closed at 4pm. That 75 percent increase in a single hour was followed shortly after […]

Tech

Robinhood says Gamestop volatility was a “1 in 3.5 million” black swan

Enlarge / Ready, take aim, and let fly… (credit: Aurich Lawson / Getty Images) Robinhood’s move to temporarily limit purchases of GameStop and other highly volatile stocks in late January was the overwhelming focus of today’s House Committee on Financial Services hearing. At the hearing, Robinhood CEO Vlad Tenev said that extreme stock volatility that […]