The video game retailer's shares closed at $101.74 after retreating from a session high of $142.90. The weekly rocket ride higher came despite a broader market selloff that sent the benchmark S&P 500 down 2.5% over the same time. Analysts have struggled to find a clear explanation, and some were skeptical the rally would have legs.
NEW YORK: GameStop Corp closed 6% lower on Friday as an early rally fizzled but the stock finished the week 151% higher in a renewed surge that left analysts puzzled.
The video game retailer's shares closed at $101.74 after retreating from a session high of $142.90. The weekly rocket ride higher came despite a broader market selloff that sent the benchmark S&P 500 down 2.5% over the same time.
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