GameStop Corp. (GME)
Pre-Market:
| Previous Close | 10.77 |
| Open | 10.81 |
| Bid | 0.00 x 2900 |
| Ask | 10.05 x 2900 |
| Day's Range | 10.06 - 10.84 |
| 52 Week Range | 10.06 - 27.65 |
| Volume | |
| Avg. Volume | 3,955,925 |
| Market Cap | 3.077B |
| Beta (5Y Monthly) | -0.34 |
| PE Ratio (TTM) | 503.00 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Mar 14, 2019 |
| 1y Target Est | N/A |
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No link between social media stock tips and big returns in long run, says EU watchdog
Choosing stocks based on social media tips might generate big returns in the short term but not in the longer run, and the influence of such tips raises concerns over investor protection and keeping markets orderly, the EU's securities watchdog said on Wednesday. The power of social media in hyping up trading was seen in January 2021, when "meme stock" GameStop surged as much as 1,600% on Wall Street as amateur investors piled into the videogame retailer's shares. EU finance ministers are keen to attract more retail investors to help deepen the bloc's capital market, but do not want market volatility such as that involved in speculative trading in GameStop to tarnish investing.
