Shares of video game retailer GameStop tumbled nearly 20% today to their lowest levels since the start of a retail investor-led surge that echoed across Wall Street.
Investors who followed the popular Reddit forum WallStreetBets helped push shares of GameStop to a closing high of $347.51 on 27 January, as part of a strategy to squeeze hedge funds that had taken a short bet on the retailer.
Since then, GameStop has tumbled about 85% to near $40 a share.
The average price target of analysts tracked by Refinitiv on the company is $13.44.
