Why GameStop Is Tumbling 15% This Morning
Shares of GameStop (NYSE: GME) were tumbling 15% in morning trading Tuesday as the momentum the video game retailer built up during the Reddit rally continues to dissipate.
After the short interest in GameStop fell to more earthly levels from the stratospheric orbit it previously traveled in, maintaining heavy volume in its shares would be impossible. Brokerages like Robinhood that had restricted trading in the retailer's stock for several days now have no limits on buying or selling GameStop's stock or options.
Image source: Getty images.
Source Fool.com
