Before the second halt, the stock resumed trading around 10 a.m. Eastern and Sword again Other meme stocks that are popular on sites like Reddit.

Wall Street bets were also up even as the broader market fell sharply.

AMC Entertainment Holdings and Headphone Company Cost Corp both saw big jumps in their shares.

Analysts were puzzled by the new rally.

Some ruled out a short squeeze like the one in January that battered hedge funds that had bet against Gamestop and were forced to cover short positions when individual investors using Robin Hood and other trading apps pushed the video game retailer shares as high as $483 a share.

Todd Supermen, founding principle of Supermen compliance services, says it's time for the government to step in, But that shouldn't be Congress.

I would prefer the SEC to the regulation as opposed to Congress, because you know they're expert in this, you know they are there.

The whole point of the SEC is their expert regulators.

They know the markets and there are a better position to sort of analyze what happened and and and and cut with a scalpel as opposed to with a chains talk.

So I'm hoping the SEC steps in, and I'm hoping that will be soon.

The surge comes days after Reddit trader Keith Gill, who runs the YouTube channel Roaring Kitty, doubled down on Gamestop, telling lawmakers in congressional testimony last week, Quote, I like the stock.

His words have since been quoted by hundreds of online followers and featured in memes on financial sites Pretty.