Trading of GameStop stock was halted by Nasdaq four times on May 12 as the share price kept rising and falling dramatically amid the index registering a decline.
GameStop shares were halted at around 10:14 a.m., 10:20 a.m., 10:25 a.m., and 10:31 a.m., with the stops followed by resumption of trading a few minutes later, according to Nasdaq Trader. After the fourth halt, trading in GameStop resumed at nearly 10:36 a.m.
Opening at around $83.07 per share, GameStop spiked to around $107.85 per share, an increase of nearly 30 percent. The lowest the share fell for the day was around $77.98. It was trading at $88.75 as of 17:34 UTC. At this time, the Nasdaq 100 was trading at 11,833, a decline of 1.12 percent. The total volume of traded shares was around 7.97 million.
…