GameStop Stock Surges for 7th Consecutive Day, Closes at Monthly High, Up 5%

GameStop (GME) has seen a significant surge in its stock price over the past week, marking its seventh consecutive day of gains. The stock closed up 5.7% at $28.54, reaching its highest level in a month. This rally has been accompanied by substantial call activity, with over $300,000 in $29 call options for August 9th. The stock's performance has also been notable in the pre-market, trading at $28 with a 3.89% increase. Year-to-date, GameStop has gained 63%, despite a lower overall market performance. The bullish sentiment is further supported by net premiums and technical indicators suggesting a substantial breakout. The stock has also broken $28, the highest in 14 days, and is up 5% from its previous levels.