Why Shares of GameStop Are Falling Today
Shares of the video game retailer and meme stock extraordinaire GameStop (NYSE: GME) were 7.3% lower as of 12:04 p.m. ET today in what has been a busy week of news for the company. The stock is still up more than 65% over the last five days of trading.
The busy week for GameStop started on Tuesday when a Reddit user on the subreddit WallStreetBets wrote that GameStop traded at a more than 58% discount to its fair value over the last 15 months. Considering WallStreetBets is the subreddit that played a big role in sparking GameStop's monstrous run in 2021, it comes as no surprise that posts like that can get the stock moving.
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Source Fool.com
