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MARKETS LIVE BLOG:

STOCKS HIGHER WITH INVESTORS ON WATCH FOR CUES

Amazon stock crosses US$2 trillion market cap

GameStop Stock Falls Again. The Rally Has Run Out of Steam.

Rupert Steiner
·1 min read
GameStop Stock Falls Again. The Rally Has Run Out of Steam.

Nothing seems to be able to break the negative rally in GameStop stock. Details of a cost-cutting program laid out by CEO Ryan Cohen at GameStop rescheduled annual meeting haven’t helped much after being delayed to Monday, from Thursday, after a livestream of the event crashed due to intense interest in the meme stock. GameStop has been the center of renewed interest in meme stocks, companies for which share prices move more in reaction to social media posts than the fundamental health of the businesses.

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