However, shares were briefly halted for a few minutes on Monday after the stock plunged by as much as 34pc as bearish investors appeared to cover their positions while retail traders flocked to commodities such as silver.
The efforts have been promoted on the Reddit internet forum, WallStreetBets, where investors have called on others to “hold” and continue buying even as the stock skyrocketed. The US video games retailer saw its valuation catapulted to more than $25bn last week on the back of huge demand from internet investors, many of them buying in an effort to push back at hedge funds who had bet against the stock. Day traders were nursing bruising losses on Monday after shares in GameStop, the US video games store that has surged on interest from speculative investors, crumbled by a third.
