GameStop trading repeatedly halted after shares surge again


Shares in retailer GameStop surged again on Thursday possibly heralding a further rally for stocks heavily-shorted by Wall Street, but favoured by amateur traders.

Trading had to be halted shortly after the opening bell in New York, and several times after that, with shares trading up approximately 50 per cent.

Investors had already pushed up the price by 104 per cent on Wednesday before trading was halted.

It is not certain what caused the surge, but most point to the reported exit of chief financial officer Jim Bell.

Mr Bell will resign on 26 March according to a company announcement, potentially signalling that the company could move in a different direction.

There have been calls for the brick and mortar retailer to move to a digital model to distribute video games and other related products.

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