GameStop plunges 15% after last week's rally

Business

Christian Baha / NP

6 May

1 min read

EPA-EFE/TANNEN MAURY

Shares of GameStop Corporation slid over 15% on Monday after unexpectedly skyrocketing over 45% last week.

There was no apparent reason for last week's surge, but the company's stock is known for making significant moves on comments about them on social media platforms, including Reddit and X, or being a so-called meme stock.

GameStop dropped 15.19% to $13.96 per share at 11:46 am ET after climbing as high as $17.45 on Friday.

gamestop

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