Bulletin
Investor Alert

Market Pulse Archives

Feb. 5, 2021, 11:10 a.m. EST

GameStop stock soars on the day, but suffers a big, first weekly loss since the trading frenzy started

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    GameStop Corp. Cl A (GME)
  • X
    AMC Entertainment Holdings Inc. Cl A (AMC)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of GameStop Corp. /zigman2/quotes/203755179/composite GME +0.06% soared 31.8% in morning trading Friday, but have suffered a big loss on the week, the first since the trading frenzy in the heavily shorted videogame and consumer electronics retailer started about a month ago. The has plunged 78.3% this week, after skyrocketing 1,737.2% over the previous three weeks. The stock has now shed 79.7% since closing at a record $347.51 on Jan. 27. Meanwhile, shares of AMC Entertainment Holdings Inc. /zigman2/quotes/200235402/composite AMC +5.67% , which were also caught up in the apparent short squeeze, bounced 3.1% on Friday after tumbling 21.0% on Thursday. The movie theater chain's stock, which was headed for a 44.9% loss this week after soaring 277.8% the previous week, was now trading 63.3% below the Jan. 27 close of $19.90, which was the highest closing price since October 2018. Over the past three months, GameStop shares have rallied 515.7% and AMC's stock has gained 197.1%, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.74% has tacked on 10.7%.

/zigman2/quotes/203755179/composite
US : U.S.: NYSE
$ 161.11
+0.10 +0.06%
Volume: 2.93M
May 7, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$11.40 billion
Rev. per Employee
$424,150
loading...
/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 9.51
+0.51 +5.67%
Volume: 38.24M
May 7, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$4.28 billion
Rev. per Employee
$43,642
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,232.60
+30.98 +0.74%
Volume: 2.05B
May 7, 2021 5:15p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.