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GameStop Tumbles 20% After Last Week's Short Squeeze

Published 02/01/2021, 10:08 AM
Updated 02/01/2021, 10:16 AM
© Reuters

By Liz Moyer

Investing.com -- GameStop Corp (NYSE:GME) tumbled 20% on Monday as the short squeeze appears to have run out of momentum.

Shares of the video game retailer spiked more than 400% last week as retail traders, many using the Robinhood mobile app and goading each other on a Reddit forum, pushed the shares higher to counter bearish bets by some hedge funds.

Trading continued to be extremely volatile. Before the market open, GameStop was up 18%.

Robinhood and other trading sites have restrictions on trading in GameStop and other highly volatile stocks, including AMC Entertainment Holdings Inc (NYSE:AMC), BlackBerry Ltd (NYSE:BB) and Express Inc (NYSE:EXPR).

 

Latest comments

Short sell wins afterall
Bought more... hahaha loss *******in the making? Nope... just a diamond handed space monkey ready for launch
Don't sell hold guys
nope were holding the line.....
I have 300 shares and I HOLD
Fake news. Get your faxt straight investing.com. or are you like all those 1 million other bs fake news site whom give hedge funds a headstart making people sell their stocks.. THE SQUEEZE HAS NOT EVEN HAPPENED YET! this week!
Funny, this so called 'tumble'. This is a short ladder attack. The squeeze has yet to happen.
Still at 120% short interest
inside trading scam
Have you always posted garbage for smooth brains to gobble up, or were you once reputable? The squeeze hasn't begun; this drop is a short ladder attack similar to what we saw Thursday. Also, have you reported on how eToro has set stop-sell limits on buyers' GME shares even though those same buyers never agreed to them being established, causing their shares to sell during these dips automatically? Or does that not fit your narrative?
abby you long gme? clearly you have a vested interest so we are supposed to believe you are impartial? hope you didnt buy at 350 because the long term value of this stock is in a range of 0 to 30 bucks...good luck.
 - I found the guy interning for the billionaires. They're probably paying you in shorts too hu? Too bad.
AMC 😎😎
DON'T LET THE GENERATION THAT CAN'T CONVERT TO PDF PLAY WITH YOUR MIND! APE HOLD, 💎 🖐️🚀
dont let the generation with the attention span of a gerbil and the math skills of an orangutan tell you how to value a stock
 - You must have shorts on the line. Too bad, so sad.
Hold the line! Do NOT sell! 💎🙌
Awful financial journalism. Stop making things up!
Fake news. There was no short squeeze last week. This is another short ladder attack like the one that took place last Thursday. Just look at the volume. HOLD and buy the dip.
REALLY???
Fake News 💎🙌💎🙌
They won't let us trade GME
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