GameStop Stock Plummets 35% In One Day

Posted on by Ryan

GameStop has had one of the worst days in company history as their stock plummeted 35% during the stock day. The stock opened at $7.82 per share, but closed at just $5.08.

This is mostly due to net revenue declining by over 13% and the announcement that the company will no longer pay out quarterly dividends to their shareholders. This caused many shareholders to panic and sell their stock within the company.