By Liz Moyer
Investing.com — GameStop Corp (NYSE:) tumbled 20% on Monday because the brief squeeze seems to have run out of momentum.
Shares of the online game retailer spiked greater than 400% final week as retail merchants, many utilizing the Robinhood cell app and goading one another on a Reddit discussion board, pushed the shares larger to counter bearish bets by some hedge funds.
Buying and selling continued to be extraordinarily risky. Earlier than the market open, GameStop was up 18%.
Robinhood and different buying and selling websites have restrictions on buying and selling in GameStop and different extremely risky shares, together with AMC Leisure Holdings Inc (NYSE:), BlackBerry Ltd (NYSE:) and Specific Inc (NYSE:).
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