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Why GameStop Is Tumbling 12% Today

TheMotleyFool

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Shares of GameStop (NYSE: GME) were tumbling 11% in midday trading Friday after director James Wolf sold 810,000 shares of the video game retailer's stock, valued at $21 million.

GameStop's stock has been on a tear, more than doubling in the past week alone as short-sellers got caught out by bullish sentiment over higher holiday sales and activist investor RC Ventures' gaining three seats on the board of directors.

Image source: Getty Images.

Source Fool.com

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