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