By Shares of videogame retailer GameStop Corp and insurance company Clover Health rose 3.5 and 4.1, respectively, in early U.S. premarket trading on Friday.
Clover Health had slumped 12 on Thursday after shortselling specialist Hindenburg Research published a critical report of the Chamath Palihapitiyabacked company.
GameStops stock has now slumped to about 53 after scaling as high as 483 last week in a rally fueled by amateur traders on social media forums such as Reddits WallStreetBets. It is still up about 177 from levels at the start of the rally.
Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Bernard Orr
Source Reuters
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