Why GameStop Is Rising While the Market Freaks Out
Shares of GameStop (NYSE: GME) are up 1% in morning trading Monday, having fought their way back up from a steeper decline earlier on as the Dow Jones Industrial Average is plunging more than 700 points over fears of a rebound in COVID-19 cases.
GameStop opened today higher than where it closed on Friday, but a spooked market sent shares tumbling. It had fallen as low as $161 a share, a better than 4% drop, but has since rallied higher.
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Source Fool.com
