By Akane Otani

 

The amount of money sloshing around GameStop right now is hard to fathom.

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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(END) Dow Jones Newswires

January 27, 2021 13:49 ET (18:49 GMT)

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