That's less than the stock sold for the week before it took off on a wild rollercoaster ride induced by Reddit retail investors and an unprecedented social media frenzy. So it seems like we’re not so much in a dip, but on the long, slow ride back to the beginning.
When I wrote about GameStop’s stock dip on Tuesday, the stock was down 81 percent from its peak of $483. Now, it’s down 89 percent from that peak. There was always the chance of a rally (and I guess, technically, there still is), but it seems like the meme may truly be over. If it is, it’s a sad ending: anyone who bought the stock during the rush and has held on to it until now is in the red on GME.
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