{"id":203248,"date":"2021-03-15T21:14:05","date_gmt":"2021-03-15T18:14:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gamestop-stock-slides-after-massive-weekly-gain\/"},"modified":"2021-03-15T21:14:05","modified_gmt":"2021-03-15T18:14:05","slug":"gamestop-stock-slides-after-massive-weekly-gain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gamestop-stock-slides-after-massive-weekly-gain\/","title":{"rendered":"#GameStop stock slides after massive weekly gain"},"content":{"rendered":"

“#Game<\/a>Stop stock slides after massive weekly gain<\/strong>”
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GameStop shares see-sawed in volatile trading on Monday following the beloved meme stock\u2019s multi-session rally last week that had racked up massive gains.<\/p>\n

Shares in the struggling video-game retailer had surged in early trading, rising about 7 percent after the opening bell, but then reversed the gain to plummet nearly 16 percent to $223 around 11:20 a.m.<\/p>\n

The sudden drop reportedly caused trading on GameStop to be halted for volatility before the stock recovered in the early afternoon. It was recently off about 5.5 percent at $250.01 as of 1:34 p.m.<\/p>\n

The whipsawed session came after a week in which GameStop\u2019s share price surged 92 percent and reached heights not seen since the late-January market frenzy that shook Wall Street.<\/p>\n

Monday\u2019s wild moves didn\u2019t faze many rookie traders on Reddit<\/a>\u2019s WallStreetBets forum, which has made the Texas-based chain synonymous with the retail investing revolution.<\/p>\n

Some users said they planned to snap up GameStop shares with the $1,400 stimulus payments \u2014 or \u201cstimmy\u201d checks \u2014 that the feds started dropping in Americans\u2019 bank accounts over the weekend. <\/p>\n

\u201cJokes on the hegies, this volatility makes me feel alive,\u201d one Redditor named __Cofi__ wrote<\/a> Monday, misspelling a slang term for hedge fund investors. \u201cBuying another 5 shares. And my stimmy hasn\u2019t even arrived yet!\u201d<\/p>\n

The posts echoed a recent Deutsche Bank survey<\/a> that reportedly found about half of retail traders between ages 25 and 34 planned to put 50 percent of their stimulus cash into stocks.<\/p>\n

GameStop\u2019s stock price also moved like a roller coaster last week but ended up posting strong gains after the company announced it had tapp<\/a>ed Chewy.com founder Ryan Cohen to lead its shift into e-commerce.<\/p>\n

Bulls believe Cohen, who joined GameStop\u2019s board in January, will help transform it from a beaten-down brick-and-mortar retailer into a successful digital gaming business. <\/p>\n

Traders on social media have tried to glean hints about Cohen\u2019s role in the company from his cryptic Twitter posts. The most recent one, posted Thursday evening<\/a>, featured a GIF of Jeff Daniels\u2019 character from the 1994 film \u201cDumb and Dumber\u201d sitting on a toilet with his pants around his knees and feet in the air.\n <\/div>\n