The recent trading frenzy around GameStop Corp and other so-called "meme" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.
By Reuters Staff
1 Min Read
FILE PHOTO: GameStop logo is seen near displayed stock graph in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration
(Reuters) - Shares of GameStop Corp slid further in early trade on Tuesday, continuing a slump that has seen the videogame retailer’s stock shed a third of its value so far this week.
The company’s shares were down 16.4% at $184, on track for their worst weekly performance since early February, with a drop of more than 30% since Friday’s close.
Other so-called meme stocks, popular with online retail traders, declined early in Tuesday’s session, with cinema operator AMC Entertainment Holdings Inc down 8.6%, while headphones maker Koss Corp fell 7.1%.
The Winnipeg Fire Paramedic Service says the risk of grass and wildland fires is higher this year due to a dry spring. This comes as crews respond to a bonfire that got out of control and caused a large grass fire in the Saint Germain neighbourhood.
The head of the Southern Chiefs Organization (SCO) is criticizing the Manitoba government’s new education bill, saying it does not address the systemic issues First Nations students in Manitoba are facing in the classroom.