GameStop and AMC jump into pre-market trade after GameStop reaches $ 17 billion in market capitalization; AMC gains on tap

GameStop Corp shares. GME,
+ 26.94%
jumped 11% in pre-market trading on Wednesday, a day after the stock closed at its highest since late January, pushing its market value above $ 17 billion. After plummeting around 90% on its highs in the meme stock buying frenzy in January, GameStop’s stock has soared more than 108% in the last five trading sessions, including a 27% gain on Tuesday. The stock ended Tuesday’s regular session at $ 246.90, compared to a record close of $ 347.51 on January 27. Pre-market gains imply a market value of $ 19 billion. Other meme stocks, which were recovered in the January trades, were also up in the premarket. AMC Entertainment Holdings Inc. AMC,
+ 13.02%
increased 6% above the quarterly earnings scheduled to be released after the market closed. BlackBerry Ltd. BB,
+ 7.18%
rose 2.3%, Naked Brand Group Ltd. NAKD,
+ 4.08%
rose 1% and Koss Corp. KOSS,
-5.04%
rose 4.6%. Futures for the Dow Jones Industrial Average DJIA,
+ 0.10%
were indicating a slightly higher opening, while the futures for the S&P 500 SPX,
+ 1.42%
were indicating a lower opening.