Why GameStop Roared Higher Today, Then Gave Back Most of Its Gains

Shares of GameStop (NYSE: GME) are whipsawing Thursday on no company-specific news, but its fellow meme stock AMC Entertainment (NYSE: AMC) also roared ahead and then fell back.

GameStop stock was up 6.7% as of 2:36 p.m. ET after having been as much as 33% higher earlier in the session. The sharp movements in both directions triggered the New York Stock Exchange's "circuit breakers," temporarily halting the stock's trading.

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Source Fool.com