Why GameStop Is Falling Today
Shares of GameStop (NYSE: GME) are down 3.5% in morning trading Thursday on no news specific to the video game retailer, even though a lawsuit against Robinhood Markets (NASDAQ: HOOD) and various market makers like Citadel Securities has suggested big-money interests conspired to keep its share price down.
Despite vociferous denials the Robinhood brokerage colluded with anyone, including Citadel, its biggest customer, to limit trading in GameStop shares earlier this year during the meme stock trading frenzy that saw short-sellers losing tens of billions of dollars, internal chat messages revealed in a lawsuit against the brokerage by investors have at least given the impression of impropriety.
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Source Fool.com
