WallStreetBets’ Stocks Plummet, Prices Stay Low for Entire Trading Day
It hasn’t been a good day for WallStreetBets, as GameStop’s stock has plummeted today. AMC, the community’s other bet, dropped as well. But unlike previous dips, the stocks don’t appear to be rallying. Prices stayed low for the entire trading day, something that hasn’t happened since WallStreetBets became a household name one week ago.
GameStop’s Stock Takes a Hit
When the market closed today, the price of GameStop was $90 even, an 81 percent drop from its peak at $483, and a 58 percent drop from its price of $218 on Friday evening.
AMC’s Stock Also Drops
AMC is down too, closing today at $7.82, which is a 61 percent drop from its peak at $19.88.
Unprecedented Low Prices
It’s unusual for prices to stay low for an entire trading day, especially for stocks that have been experiencing significant fluctuations. This is a departure from previous trends, where prices would often bounce back up after a dip.
What’s Next for WallStreetBets?
As the market continues to fluctuate, it’s unclear what’s next for WallStreetBets and its community. However, one thing is certain: the community will need to adapt to these new realities and find ways to navigate the changing market.
