Stock Alert: What Is Driving Corsair Gaming?

Shares of Corsair Gaming Inc. (CRSR) are gaining nearly 20% as the gaming and content equipment-maker joins the “meme-stock” bandwagon.

Data from the Yolostocks website, which tracks real-time mentions on stocks within Reddit, shows that Corsai is now the second-most discussed stock among the Redditusers, up from a previous rank of 10, over the past 24 hours.

CRSR is currently trading at $38.79, up $6.43 or 19.86%, on the Nasdaq, on an volume of 19.5 million shares, compared to average volume of 1.3 million shares. The stock has traded between $14.09 and $51.37 in the 52-week period.

Last month, Corsair posted first-quarter profit of $46.7 million, up from $1.2 million last year. Revenues surged 71.6%% to $529.4 million, driven by a 132% jump at its gamer and creator peripherals segment.

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