- Some hedge funds are looking for rescue financing due to GameStop (NYSE:GME) trade, CNBC's David Faber reported.
- Faber didn't name any specific hedge funds.
- The report comes after Melvin Capital earlier this week was given $2.75b by Ken Griffin's Citadel and Steve Cohen's Point72 to help stabilize the fund hammered by short bets this year, according to the Wall Street Journal.
- GME up 69% in premarket trading.
- Earlier, Gamestop paring gains as CNBC says Melvin Capital closes out of short position.