FILE PHOTO: The GameStop store sign is seen at its shop in Westminster, Colorado January 14, 2014. GameStop Corp, the world's largest videogame retailer, warned of lower-than-expected profit as sales sagged for games played on older versions of Xbox and PlayStation consoles.
Rick WilkingClover Health had slumped 12per cent on Thursday after short-selling specialist Hindenburg Research published a critical report of the Chamath Palihapitiya-backed company.GameStop's stock has now slumped to about US$53 after scaling as high as US$483 last week in a rally fueled by amateur traders on social media forums such as Reddit's WallStreetBets. It is still up about 177per cent from levels at the start of the rally.
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