"Whoa! There are people still in GME? LOL," wrote user possumtree. On WallStreetBets, some denizens exhorted one another to stay in GameStop stock, while others waxed ironic. Still, the 10-day average volume of about 86.1 million shares was well above the stock's 50-day moving average volume of roughly 37.5 million.įocus shifted to other corners of the market, after billionaire Elon Musk's electric vehicle company Tesla Inc (TSLA.O) revealed it had invested $1.5 billion in bitcoin, driving a 16% surge in the world's most widely held cryptocurrency to over $43,000. Trading volumes in GameStop also appeared to be trending lower: Some 25.5 million shares traded on Monday, compared with a record of 197.16 million shares on Jan. AMC shares dropped 9.5% and Koss shares lost 4.9%. Players fight terrorists as part of a team and participate in rescue missions and attacks. It features first-person shooters that permanently die when attacked. On Monday, GameStop shares, which soared from about $20 early in year to $483 on Jan. Counter-Strike: Global Offensive is an action-packed game that builds upon the popular Counter-Strike franchise. Treasury Secretary Janet Yellen said on Sunday it was too soon to say whether new policies or regulations were needed.
The volatility has drawn the attention of regulators, although U.S. GameStop and other "meme stocks," including cinema operator AMC Entertainment Holdings Inc (AMC.N) and headphone maker Koss (KOSS.O) have seen wild gyrations in their share prices over the past two weeks as amateur investors on forums such as Reddit's WallStreetBets acted in concert to bid up stocks that some U.S. Feb 8 (Reuters) - Shares of videogame retailer GameStop Corp (GME.N) slumped on Monday, losing ground along with a slew of other social media-hyped stocks that took investors on a wild ride earlier this month.
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