Why American Eagle, GameStop, and Best Buy Crashed on Wednesday
It seems everyone from teen and young adults clothier American Eagle Outfitters (NYSE: AEO) to GameStop (NYSE: GME) and Best Buy (NYSE: BBY) -- two stocks that cater to the videogamer set -- are in a tailspin today. As of 11:20 a.m. ET, American Eagle stock is losing 6.2%, GameStop's down 7.2%, and Best Buy is leading the retail sector lower with a 10% loss.