GameStop Was Most Traded Stock by Value in the U.S. Yesterday
By Akane Otani
The amount of money sloshing around GameStop right now is hard
GameStop's market capitalization is just a fraction of the likes
of Tesla, Apple, Microsoft and Amazon.com. But so many traders have
piled into GameStop this week that its traded value--the quantity
of shares that changed hands, multiplied by the stock's
price--wound up being more than $20 billion on Tuesday, eclipsing
that of all other publicly traded U.S. companies, according to
Deutsche Bank's Jim Reid.
"This chart shows you they have the collective power to make any
equity the most traded in the world on any day if it's in their
sights," Mr. Reid wrote in a note.
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January 27, 2021 13:49 ET (18:49 GMT)
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