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GameStop stock tries to snap losing streak in huge two-week plunge – NEWS.com.au
GameStop stock tries to snap losing streak in huge two-week plunge
The GameStop stock tried to rebound from a two-day losing streak on Wednesday as the retailers Reddit-fuelled rally continued to lose momentum.The video-game chain’s shares rose 5 per cent in premarket trading to $US52.85 ($A68.49). The stock fell about 6 per cent Monday and closed down 16 per cent Tuesday after dropping below $US50 ($A65) for the first time since January 22.
The last two weeks have been brutal for rookie traders on Reddit’s WallStreetBets forum and other retail investors who pumped…
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