GameStop Corp. GME shares,
It was up 11% in pre-trade trading on Wednesday, a day after the stock closed at its highest since late January and pushed its market cap above $ 17 billion. After falling about 90% from their highs of the meme stock buying frenzy in January, GameStop shares have soared more than 108% in the last five trading sessions, including Tuesday’s 27% gain. The shares closed Tuesday’s regular session at $ 246.90, down from a record close of $ 347.51 on January 27. Pre-market earnings imply a market capitalization of $ 19 billion. Other meme stocks, which were affected by the January trading, were also higher pre-market. AMC Entertainment Holdings Inc. AMC,
it was up 6% above quarterly earnings scheduled to post after the market close. BlackBerry Ltd. BB,
rose 2.3%, Naked Brand Group Ltd. NAKD,
rose 1% and Koss Corp. KOSS,
rose 4.6%. Futures for the Dow Jones Industrial Average DJIA,
indicated a slightly higher open, while S&P 500 SPX futures,
indicated a lower opening.