GameStop Shares Shoots High Again After NFT And Crypto Market Plans Emerge

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GameStop stock soared in after-hours trading on Thursday after a report detailed the company’s plans to create a division to buy, sell, and trade non-fungible tokens, reversing recent losses for last year’s hit meme stock as the brick-and-mortar game retailer doubles down on the cryptocurrency space to help mint a turnaround.

GameStop shares soared more than 31% to $173 in after-market trading, the highest levels in nearly a month after the stock was hit by a broad sell-off started by the Federal Reserve on Wednesday.