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GameStop stock tumbles again in week of massive losses – NEWS.com.au
GameStop stock tumbles again in week of massive losses
GameStop shares tumbled Monday as Reddits favourite stock struggled to rebound from a massive weekly loss.The video game retailer’s stock price had jumped nearly 14 per cent in early trading but then dropped as much as 9 per cent on the heels of Friday’s 19 per cent gain. The shares were recently off about 5.9 per cent at $US60.
Monday’s trading pushed GameStop even further from the peak of the Reddit-fuelled rally that drove the stock to staggering heights and squeezed hedge funds that bet against…
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