GameStop Corp shares. GME,
skyrocketed 31.8% in the Friday morning trading session, but suffered a big loss this week, the first since the commercial frenzy in the retail of highly sold video games and consumer electronics started about a month ago. The slid 78.3% this week, after shooting 1,737.2% in the previous three weeks. The shares have now fallen 79.7% since closing at a record $ 347.51 on January 27. Meanwhile, the shares of AMC Entertainment Holdings Inc. AMC,
which were also caught in the apparent short squeeze, jumped 3.1% on Friday, after falling 21.0% on Thursday. The stock of the cinema chain, which was headed for a 44.9% loss this week after rising 277.8% the previous week, was now trading 63.3% below the $ 27.90 closing on January 27. , which was the highest closing price since October 2018. In the last three months, GameStop’s shares rose 515.7% and AMC’s shares rose 197.1%, while those of the S&P 500 SPX,
rose 10.7%.
