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GameStop Shares Drop, Extending 80% Slump From Last Week

  • Shares fell 5.9% on Monday after worst week on record
  • Robinhood ended buying limits it imposed during stock surge
GameStop has stabilized since Robinhood Markets Inc.'s move late last week to end buying limits it imposed in the wake of the stock’s January surge.

GameStop has stabilized since Robinhood Markets Inc.'s move late last week to end buying limits it imposed in the wake of the stock’s January surge.

Photographer: Alex Kraus/Bloomberg
Updated on

GameStop Corp. extended its decline Monday, shedding another $263 million in value after its worst week on record.

The stock fell 5.9% to close at $60 in New York trading, after whipsawing between gains and losses earlier in the session. It slumped 80% last week, a drop that followed three weeks of dizzying gains. Trading volume also dipped with about 25 million shares changing hands, the lowest since Jan. 12.