Why Skillz Continues Marching Lower Today
Shares of mobile gaming stock Skillz (NYSE: SKLZ) continue to get hammered for no reason, with shares tumbling another 5.7% lower at 11:26 a.m. ET on Thursday. The stock has lost 86% of its value over the past year and is down more than 90% from the highs hit during the meme stock trading frenzy a year ago.
Many of the original meme stocks were heavily shorted stocks around which small retail investors rallied in an effort to shore up the price and spark a rally that would lead to a squeeze on short-sellers.
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Source Fool.com
