GameStop stock plummets as Reddit rally moves to new sector – NEWS.com.au

The markets GameStop fever appears to have broken, but other stocks are now starting to feel a bit warm.Shares in the much-discussed video game retailer were down over 33 per cent by midday on Thursday, adding to a steep decline that has the key player in the so-called “Reddit Rally” down more than 81 per cent this week. Day traders, meanwhile, appear to be turning their interest to other areas like small pharmaceutical stocks.
Stock in AMC Entertainment, a second-favourite “meme stock” for retail…

Click here to view the original article.