GameStop shares tried to bounce back Wednesday from a massive losing streak that’s taken some steam out of the retailer’s Reddit-fueled rally.
The video-game …
GameStop shares tried to bounce back Wednesday from a massive losing streak that’s taken some steam out of the retailer’s Reddit-fueled rally. The video-game chain’s stock price climbed about 2.8 percent to $92.54 as of 7:17 a.m. in choppy premarket trading that saw it oscillate between gains and losses. The shares lost more than 70 percent of their value Monday and Tuesday, pulling the rug out from under an unprecedented surge in GameStop and other “meme stocks” fueled by a retail trader uprising on Reddit’s WallStreetBets forum. Many investors on the message board remained steadfast in their devotion to GameStop — and to beating hedge funds that bet against the stock — despite some saying they’ve racked up hefty losses.
