Cold Shower Reddit Investors with Rapid Cooldown GameStop | Financial

After the loss on Monday, GameStop’s share price plunged another 40% on Tuesday to a level of $ 114.26. At its peak late last month, a record level of just below $ 350 was hit.

Despite the ongoing call on Reditt’s platform to hold out to continue the GameShop rally, more and more investors seem to be on the safe side. In addition, internet brokers are increasingly coming under fire to limit transactions in smaller funds.

Support

Last month, especially on the sub-platform Wallstreetbets, there were massive calls to support GameStop. Especially the fight against hedge funds that speculate on a fall in the price of a company played a major role in this.

GameStop is a haunted chain of stores that sell video ganes. The arrival of activist investor Ryan Cohen at the end of last year was already the impetus to embrace the company.

Other underdeveloped companies, such as AMC which rallied last week, are also showing a depressed picture this week as a sign that the mega rally in these funds seems to be over.

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