: GameStop stock soars 60% in apparent short squeeze

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GameStop Corp. GME shares soared Wednesday more than a week after short interest on the videogame retailer’s stock exceeded the number of outstanding shares. GameStop shares surged 58% to $31.24 at last check, having reached an intraday high of $38.65. Short interest on GameStop rose to 71.2 million shares on Dec. 31 from a previous 68.1 million shares, according to FactSet data. GameStop has 69.8 million shares outstanding. On Monday, GameStop shares finished up 10% after it reached an agreement with activist investor RC Ventures to add three of its members to the board, and advanced less than 0.1% on Tuesday. 
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