GameStop heads toward best week in a month amid Reddit frenzy 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.
A Friday bounce for shares of GameStop Corp. after Robinhood Markets Inc. removed limits on buying the stock did little to repair the now $18 billion hole left in the video-game retailer as it wraps up its worst week ever. Photo by Olivier Douliery /AFP Via Getty Images
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A Friday bounce for shares of GameStop Corp. after Robinhood Markets Inc. removed limits on buying the stock did little to repair the now $18 billion hole left in the video-game retailer as it wraps up its worst week ever.
The stock trimmed gains to 8.2% at 1:51 p.m. in New York after earlier spiking as much as 78% and triggering three volatility halts. GameStop’s $58 share price is $425 below a peak hit last Thursday as the company limps into the weekend alongside battered stocks that had soared on the back of retail trader demand and excitement across platforms like Reddit.
GameStop wraps up worst week ever, leaving US$18B hole
Abhishek Vishnoi, Bloomberg News VIDEO SIGN OUT
A Friday bounce for shares of GameStop Corp. after Robinhood Markets Inc. removed limits on buying the stock did little to repair the now US$18.2 billion hole left in the video-game retailer as it wrapped up its worst week ever.
The stock fell 80 per cent in the last five days, its worst performance on record, to US$63.77 at 4 p.m. in New York. Even with a 19 per cent gain on Friday, the stock now is far below last weekâs high of US$483 as retail trader demand and excitement across platforms like Reddit simmered.
GameStop wraps up worst week ever, leaving US$18B hole
Abhishek Vishnoi, Bloomberg News VIDEO SIGN OUT
A Friday bounce for shares of GameStop Corp. after Robinhood Markets Inc. removed limits on buying the stock did little to repair the now US$18.2 billion hole left in the video-game retailer as it wrapped up its worst week ever.
The stock fell 80 per cent in the last five days, its worst performance on record, to US$63.77 at 4 p.m. in New York. Even with a 19 per cent gain on Friday, the stock now is far below last weekâs high of US$483 as retail trader demand and excitement across platforms like Reddit simmered.
GameStop Unraveling Quickens as Redditors Pivot to Biotech yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.