Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

Briefing
markets

GameStop Stock Collapses Days After Short Squeeze

By
Ross Matican
· · Source: The Information

Shares of GameStop plummeted over 49% Tuesday to around $114 in a sign that the Reddit-fuelled rally in the stock was losing momentum, which could mean the stock will eventually return  to the levels of around $20 where it traded just a few weeks ago. Individual investors had pushed the stock to a high of $347, squeezing big hedge funds that had bet against GameStock shares. Trading activity...

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