Thursday, January 28, 2021

GameStop stock sees price drops after restrictions put on trades

CBC News: The National shows that GameStop’s stock certainly took a dive Thursday after the online brokerage used for many of the trades that made it the hottest stock of the week put severe restrictions in place. Investment funds lost billions when so-called amateur traders came together online to push up certain stock prices, which regulators are looking to examine.

GameStop is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, United States, a suburb of Dallas, and operates 5,509 retail stores throughout the United States, Canada, Australia, New Zealand, and Europe as of February 1, 2020. The company's retail stores primarily operate under the GameStop, EB Games, ThinkGeek, and Micromania-Zing brands.

In addition to retail stores, GameStop also owns Game Informer, a video game magazine.

GameStop/EB Games is the world's largest video game retailer. With over 6,100 stores located throughout Canada, the United States and 17 other countries, we are the retail destination for gamers around the world.

(Not to be confused with GameSpot.)

1 comment:

  1. These could be the best Video Game Stocks to buy in 2021:

    Capcom (OTC:CCOEF)
    Take-Two Interactive (NASDAQ:TTWO)
    Tencent Holdings (OTC:TCEHY)
    Activision Blizzard (NASDAQ:ATVI)
    Electronic Arts (NASDAQ:EA)