Record COVID 19 deaths have been reported in Brazil over the past week and its hospital system is on the bring of collapse, prompting warnings from the World Health Organization about possible regional spillover and causing renewed lockdown measures in much of the country. GameStop shares jumped to a high of $483 per share early in the day, then dropped to around $246 by midday ET, only to rally minutes later to more than $300. GameStop and AMC stocks at the center of a multibillion dollar drama between Wall Street investors and social media traders on Reddit have dropped dramatically Thursday.
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