The GameStop Rollercoaster Continues – Investors Lost $1.6bn in One Day, Worse to Come?

The GameStop Rollercoaster Continues – Investors Lost $1.6bn in One Day, Worse to Come?

3 years ago
Anonymous $K6XgmDN5_o

https://wccftech.com/the-gamestop-rollercoaster-continues/

The GameStop (NYSE:GME) share-price madness that started earlier this month, which we covered here, has continued and seems to show no sign of abating. From an average share price of around $19 from around the Christmas period, the company saw this leap to the low $30's on the 13th of January, fluctuating between that and low $40's until the 21st. The 22nd, Friday, saw the surge which has only continued.

Following a close on Friday of $65.01, GameStop's share price hit $96 by 09:30, to raise to a high of $144.59 by 10:45. At the time of writing, 14:17, the share price has fallen back down to $78.67; this is following a dip to $61.13 at 12:15. If anything, this shows that the games being played with this stock appear to be far from sustainable. Somebody else will lose out.