Home Options Shares of Gamestop Volatile on Takeover Rumor

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Shares of Gamestop (GME) were volatile in trading on Tuesday after a rumor circulated that the company was a potential takeover target. GME shares briefly rose higher on the news, but then very quickly sold off and trended sharply lower as the general markets sold off in the middle of comments from FOMC chairman Powell. We’ll keep an eye on the stock going forward, but this rumor clearly appears to have few supporters given the price movement. GME shares closed at 15.57, -3.17% for the session.


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