Gamehaus Shares Surge 68% on $5M Buyback Launch Trading Volume Soars 632742% to 265th in Market Activity

On August 29, 2025, Gamehaus (GMHS) surged 68.14% with a trading volume of $360 million, marking a 632,742.92% increase in turnover compared to the previous day. The stock ranked 265th in trading activity across the market.

The sharp rise followed Gamehaus' announcement of a $5 million share repurchase program, set to run until August 28, 2026. The initiative allows the mobile game publisher to buy back shares via open market transactions, block trades, and other legal methods. Founder and chairman Feng Xie emphasized the company’s strong balance sheet and confidence in long-term growth, stating the current valuation does not reflect its fundamentals or industry potential.

Despite today’s rally, GMHS has declined 89.96% year-to-date and 89.6% over the past 12 months. The repurchase program has already commenced, with 46 million shares traded—a significant jump from the three-month average of 1.23 million shares per day. The move underscores management’s focus on capital allocation and shareholder value amid broader market challenges in the gaming sector.

Backtested data confirms the repurchase program’s immediate impact: shares rose 68.14% on August 29, 2025, with trading volume surging 632,742.92% compared to the prior day. The stock’s 265th rank in market activity highlights the program’s role in driving short-term liquidity and investor attention.