GameStop extends rally as Citron stops commenting after ‘mob’ attack

Shares of GameStop (GME) are up $16.92, or 39%, to $59.95 in afternoon trading, resuming their incredible recent rally, after noted short-seller Andrew Left said he will no longer comment on the stock after an “angry mob” committed “multiple crimes.” Yesterday, Left’s firm, Citron Research, posted a YouTube video laying out the five reasons that the firm argues make GameStop buyers “at these levels … the suckers at this poker game,” repeating a call for the stock to trade “back to $20 fast.” However, Left said today that what “Citron has experienced in the past 48 hours is nothing short of shameful and a sad commentary on the state of the investment community” after an “angry mob who owns this stock has spent the past 48 hours committing multiple crimes” that Left said he will be “turning over to the FBI, SEC and other governmental agencies.” GameStop’s gain of over 75% this week comes on top of the stock having more than doubled last week, according to Bloomberg, which notes that the video game retailer’s stock was the most actively traded U.S. company at one point “as an army of Reddit-charged day traders” pushed up the volatility and the share price.