Shares of GameStop Corp. GME, +26.94% jumped 11% in premarket trade Wednesday, a day after the stock closed at its highest point since the end of January and pushing its market cap back above $17 billion. After plunging about 90% from its highs of the meme-stock-buying frenzy in January, GameStop stock has skyrocketed more than 108% in the past five trading sessions, including Tuesday’s 27% gain. Shares closed Tuesday’s regular session at $246.90, off from a record close of $347.51 on Jan. 27. The premarket gains imply a market cap of $19 billion. Other meme stocks, that were caught up in January’s trade, were also higher premarket. AMC Entertainment Holdings Inc. AMC, +13.02% was up 6% ahead of quarterly earnings scheduled for release after the market close. BlackBerry Ltd. BB, +7.18% was up 2.3%, Naked Brand Group Ltd. NAKD, +4.08% was up 1% and Koss Corp. KOSS, -5.04% was up 4.6%. Futures for the Dow Jones Industrial Average DJIA, +0.10% were indicating a slightly higher open, while futures for the S&P 500 SPX, +1.42% were indicating a lower open.
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