Shares in video game firm GameStop fell nearly 20% on Tuesday to lows since it began a rally promoted on social media and driven by retail investors that hit Wall Street.
Investors following the popular Reddit forum WallStreetBets helped propel GameStop shares to a closing high of $ 347.51 on January 27 as part of a strategy to hurt hedge funds that had shorted the market. retailer. Since then, GameStop has plunged 85% to about $ 40 a share.
The average price target for analysts who follow the company is $ 13.44, according to Refinitiv data.
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