GameStop Corp shares. GME,
they suffered losses again on Monday, with a 6.4% drop in the midday trading session, with a sharp drop in turnover suggesting that investor interest may not be decreasing. The stock opened down 5.9% to $ 60.00, then shot up to 13.9%, to an intraday high of $ 72.66, before falling again. Turnover was just 17.4 million shares just after noon, compared with the whole day’s average of around 53.2 million over the past 30 days. The drop in price and volume comes after the stock plunged 80.4% last week, the biggest weekly drop in the stock’s public history. The total volume during last week’s decline was 302.04 million shares, compared with the volume of 559.24 million shares, as shares soared 399.9% in the previous week. Meanwhile, the other action was caught in the commercial frenzy around highly sold companies, AMC Entertainment Holdings Inc. AMC
fell 12.3% at noon on Monday, after falling 48.5% last week. AMC’s shares remained quite active; with 95.6 million shares traded, they were the most active on the NYSE, even though the volume was less than half the full-day average in the last 30 days, of about 208.1 million shares. The declines in GameStop and AMC shares come on a day when the S&P 500 SPX,
rose 0.4% towards a record close.
