Business
Is the GameStop (NYSE:GME) share price about to go in full retreat?
The GameStop Corp. (NYSE: GME) share price fell 2.4% yesterday (overnight Aussie time).
While the ASX was shuttered for the long Easter weekend, US stock exchanges remained open. GameStop closed the day at US$186.95 per share. That gives the video game retailer a market cap of US$13.1billion.
Despite some recent selling action, GameStop shares are still up an eye-popping 984% so far in 2021.
What drove GameStop’s meteoric rise?
As you most likely know, GameStop has the so-called Reddit army to thank for its skyrocketing shares. That’s the loosely connected group of retail investors employing social media apps like WallStreetBets to…
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