Bloomberg reported that GameStop stocks, which had previously attracted many retail investors and short-selling institutions on Wall Street, experienced a sharp rise and plunge in prices this week.
On Wednesday, GME’s stock price once hit the highest at US$348.50. However, after a few minutes, the price was cut to $172. It is hard not to believe that a large number of irrational amateur investors are making a comeback.
For speculators who temporarily enter the market, a loss of up to 50% of the funds is obviously unreasonable. On the other hand, those small shareholders who have long established positions and insisted on holding positions can take this opportunity to cash out and leave the market smoothly.
It is reported that at the beginning of this year, GameStop’s stock price was still hovering at around $17 per share. But after a series of magical realism operations, many people’s investment concepts have been smashed to pieces.
Digital marketing enthusiast and industry professional in Digital technologies, Technology News, Mobile phones, software, gadgets with vast experience in the tech industry, I have a keen interest in technology, News breaking.