GameStop Corp. ($GME) shares experienced significant upward movement, closing up 11.8% on August 29, 2024. The stock's implied volatility also rose, indicating increased interest from traders. Notably, midday trading saw buyers purchasing 1,500 September $23.50 call options at offers of $1.40. The following day, August 30, $GME continued to show strength with an additional increase of 4%, prompting remarks from traders about its potential as a day trade opportunity and a 'momentum squeeze' scenario. Analysts are observing the stock closely, with one trader expressing a target price of $25 for $GME.