GameStop shares fall to extend last week’s record sales as transaction volume drops

Shares of GameStop Corp. GME,
-6.54%
they returned to a loss on Monday, falling 6.4% in trading at noon, with a sharp drop in trading volume suggesting that investor interest in this period could be declining. The stock opened 5.9% to $ 60.00, then rose to 13.9% to a high of $ 72.66 before recovering. The trading volume was only 17.4 million shares a little in the afternoon, compared to the all-day average of about 53.2 million in the last 30 days. The decrease in price and volume comes after the stock decreased by 80.4% last week, the largest weekly decrease in the public history of the stock. The total volume in the decline of last week was 302.04 million shares, compared to the volume of 559.24 million shares, as the stock increased by 399.9% in the previous week. Meanwhile, the other captive shares of the commercial frenzy around short-circuiting companies, AMC Entertainment Holdings Inc. I HAVE C,
-10.41%
it fell 12.3% Monday at noon, after falling 48.5% last week. AMC shares remained quite active; with 95.6 million shares traded, they were the most active on the NYSE, even though the volume was less than half of the full day average in the last 30 days of about 208.1 million shares. The decline in GameStop and AMC stocks comes on a day when the S&P 500 SPX,
+ 0.39%
increased 0.4% to a record high.

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