Practical Pieces & Perspectives

On January 22, 2021, when the Standards and Poor 500 Index grew by one dollar, GameStop Corp.’s stock price rose by $33.73 to a high of $76.76 before closing at $65.01. On January 27, the closing price was $347.51. The rapid price movements and high trading volumes triggered multiple instances of the New York Stock Exchange’s 5-minute trade suspension policy against its shares.