GameStop extends pullback after trade volume shrivels
Shares of GameStop listed on Germany’s Tradegate venue fell to $164.06, implying a drop of about 27 percent from February 1’s New York closing price of $225. That trimmed its year-to-date advance to 771 percent.
Image: Reuters
GameStop Corp’s spectacular rally unwound further on February 2. As a result, it pulled other recent favorites of Reddit speculators down with it, after bearish investors appeared to cover their positions and trading volume shriveled.
Shares of the video-game retailer listed on Germany’s Tradegate venue fell to $164.06, implying a drop of about 27 percent from February 1’s New York closing price of $225. That trimmed its year-to-date advance to 771 percent
Nokia joins GameStop, BlackBerry as a Reddit trader favourite bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
U.K. Stocks Close Higher as Brexit Hope Tempers Virus Concern
Bloomberg 12/24/2020 Namitha Jagadeesh
(Bloomberg) U.K. stocks closed higher in a shortened session ahead of the Christmas holiday, as an imminent Brexit trade deal tempered worries about rising coronavirus cases.
The U.K. midcap FTSE 250 Index advanced 1.2% to a 10-month high, rising with the pound, while the exporter-heavy FTSE 100 Index closed up 0.1%. U.K. and European Union officials are still putting finishing touches to the Brexit accord after agreeing on outline terms Wednesday, with both sides haggling over fishing rights. The Stoxx Europe 600 Index rose 0.2% by 2:48 p.m. in Paris, with regional markets including Germany and Switzerland shut on Christmas eve.
U K Stocks Rise With Europe as Brexit Deal Hope Brings Cheer swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.