GameStop rally fizzles; shares still on pace for 130% weekly gain - Netscape Money & Business
GameStop rally fizzles; shares still on pace for 130% weekly gain By Aaron Saldanha and David Randall Reuters (Reuters) - An early surge in the shares of GameStop Corp fizzled and left the video game retailer's stock down more than 15% on Friday, throwing water on a renewed rally this week that has left analysts puzzled. GameStop shares hovered around $94 after hitting $105 in late-morning trading. Despite Friday's losses, the company's stock is up about 135% for the week in the face of a broader market selloff that has sent the benchmark S&P 500 down about 2% over the same time. Analys...
Source: netscape.com