{"id":174377,"date":"2021-02-09T22:27:48","date_gmt":"2021-02-09T19:27:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gamestop-shares-tumble-as-reddit-rally-surge-dies-down\/"},"modified":"2021-02-09T22:27:48","modified_gmt":"2021-02-09T19:27:48","slug":"gamestop-shares-tumble-as-reddit-rally-surge-dies-down","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gamestop-shares-tumble-as-reddit-rally-surge-dies-down\/","title":{"rendered":"#GameStop shares tumble as Reddit-rally surge dies down"},"content":{"rendered":"

“#Game<\/a>Stop shares tumble as Reddit<\/a>-rally surge dies down<\/strong>”
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Shares of video game retailer GameStop tumbled nearly 20 percent Tuesday to their lowest levels since the start of a retail investor-led surge that echoed across Wall Street.<\/p>\n

Investors who followed the popular Reddit forum WallStreetBets helped push shares of GameStop to a closing high of $347.51 on Jan. 27 as part of a strategy to squeeze hedge funds that had taken a short bet on the retailer. Since then, GameStop has tumbled about 85 percent to near $40 a share.<\/p>\n

The discussion of the stock was notably muted on Reddit as shares fell Tuesday.<\/p>\n

\u201cThis really is like a party that\u2019s dying down,\u201d one user wrote.<\/p>\n

Other Reddit favorites tumbled alongside GameStop, with AMC Entertainment shedding nearly 12 percent and BlackBerry dropping nearly 4 percent. The benchmark S&P 500 was flat in afternoon trading.<\/p>\n

The average price target of analysts tracked by Refinitiv on the company is $13.44.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#GameStop shares tumble as Reddit-rally surge dies down” Shares of video game retailer GameStop tumbled nearly 20 percent Tuesday to their lowest levels since the start of a retail investor-led surge that echoed across Wall Street. Investors who followed the popular Reddit forum WallStreetBets helped push shares of GameStop to a closing high of $347.51…<\/p>\n","protected":false},"author":1,"featured_media":174378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/gamestop-shares-fall.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[92502,72128,5005,70359,70360],"class_list":["post-174377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2-9-21","tag-gamestop","tag-reddit","tag-stocks","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=174377"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/174378"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=174377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=174377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=174377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}