GameStop stock surged more than 30% in after-hours trading Thursday.
GameStop shares skyrocketed more than 31% to $173 in after-market trading within minutes of the report, its highest levels in nearly a month after the stock fell victim to a broad sell-offby the Federal Reserve on Wednesday after it signaled it may move to raise interest more quickly than previously expected.
The company also plans to partner with game developers and publishers to list NFTs—of everything from avatar outfits to weapons—on its platform, a source familiar with the matter confirmed toa GameStop NFT page on its website in May and linking to an Ethereum address , but giving no additional details, promising instead to"change the game."
GameStop shares have skyrocketed about 860% over the past year, valuing the firm at more than $13 billion despite falling roughly 65% from an all-time high in January.GameStop their meme stock of choice as they bought up Wall Street's most heavily shorted companies.
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