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BTCC / BTCC Square / Global Cryptocurrency /
GameStop (GME) Stock Surges 7% as Meme Trade Resurfaces

GameStop (GME) Stock Surges 7% as Meme Trade Resurfaces

Author:
Global Cryptocurrency
Published:
2025-12-16 11:34:02
13
1
BTCCSquare news:

GameStop shares rallied sharply on Monday, climbing 7% to $22.58 in their largest single-day gain since October. The MOVE was fueled by aggressive options activity, with the put/call ratio collapsing to 0.12—half its six-month average—as traders piled into bullish bets.

Social media speculation intensified after Michael Burry's delayed Substack post and viral TikTok content from creator 'Best Buy Rilie,' which garnered 50 million views. The stock now tests key resistance at $22.50, with the 200-day moving average looming at $24.40.

Notably, GameStop's rally defied sector trends, as peer Best Buy declined 0.6% during the same session. The divergence highlights the enduring influence of meme stock dynamics despite broader market conditions.

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