What shares were hot in the last week? GameStop, AMC Entertainment and more
Investing.com | Jan 31, 2021 09:43
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The stock everyone has been talking about in the last week, GameStop Corp (NYSE:GME). The video game retailer benefitted from a surge in activity after users of the popular Reddit forum WallStreetBets started buying the shares in vast numbers. GameStop opened the week at $96, had a huge rally on Wednesday and closed at $347.51. Shares hit a high on Thursday of $481.99 before retreating as brokers put bans on purchasing shares. Another jump occurred on Friday with shares rallying to close the week at $325.
AMC Entertainment Holdings Inc (NYSE:AMC) was also one of the heavily shorted companies that users on WallStreetBets started purchasing, sending shares skyrocketing before a decline on Thursday. They opened the week at $4.42, closed at $19.90 on Wednesday before falling back to $8.63 by the close on Thursday. On Friday, shares closed over 50% higher at $13.26.
Omega Diagnostics Group Plc (LON:ODX) is a UK-based medical diagnostics company and part of the UK Rapid Test Consortium. The company jointly develops and manufactures a Covid-19 point of care antibody test as part of the UK government’s national testing strategy. Shares opened the week at £0.7050, hit a high of £0.8790 on Tuesday before falling throughout the rest of the week and closing at £0.5970.
Electric car manufacturer Tesla Inc (NASDAQ:TSLA) reported quarterly earnings on Wednesday. Although the company made its first annual profit, the shares fell after the results. Tesla shares opened the week at $855.44, hit a high of $891.75 on Tuesday and closed the week at $793.53.
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UK-listed cryptocurrency miner Argo Blockchain PLC (LON:ARB) was another popular stock. The company announced on Friday it has expanded its mining capabilities with new machines coming online. Argo shares opened the week at £0.80, hit a high of £0.98 on Friday before dropping back to close at £0.88.
Greatland Gold Plc (LON:GGPL) is a UK based mineral exploration company with operations in Australia. Shares opened the week £0.28, hit a high of £0.29 on Thursday before closing the week down 4.8% at £0.2450.
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