Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why GameStop Stock Dropped More Than 10% This Morning

TheMotleyFool

0 0

Why GameStop Stock Dropped More Than 10% This Morning

Shares of GameStop (NYSE: GME) -- the original meme stock -- dropped more than 12% in early trading Monday before recovering to about a 10% loss around 11:15 a.m. EDT.

Don't blame Robinhood or Reddit or short-traders for this one, though. Blame Ascendiant Capital Markets, which downgraded GameStop stock to sell today.

Image source: Getty Images.

Source Fool.com

Like: 0

GME

Share