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Israel Adesanya's bid to become 'champ champ' fails as Jan... Israel Adesanya says he has no regrets over failed tilt at... I can be your bodyguard': Jan Blachowicz... Dana White labels judges' scoring a 'big problem' as UFC... GameStop shares jumped to a high of $483 per share early in the day, then dropped to around $246 by midday ET, only to rally minutes later to more than $300. GameStop and AMC stocks at the center of a multibillion dollar drama between Wall Street investors and social media traders on Reddit have dropped dramatically Thursday.
AMC, similarly, had gone as high as $16.50 per share before dropping to about $8 and then inching up to $9.50. The moves came after popular stock trading apps such as Robinhood and TD Ameritrade announced they would restrict trades of stocks being heavily bet on, including GameStop and AMC. ET, and GameStop shares at least a dozen times. The New York Stock Exchange as well has stepped in amid the frenzy, temporarily halting AMC trading at least 10 times since the market opened at 9:30 a.m.
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As the social media investors pushed shares of the company up, Wall Street has had to recalibrate its bets, pushing shares beyond their all-time highs. The Reddit community r/WallStreetBets has become a central hub of a financial push to hurt Wall Street investors who bet big against GameStop's future. The moves mark the spectacle of what some investors call a war between Wall Street and social media traders. Browsing online betting game sites is absolutely free and simple.
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