Why GameStop Shares Are Falling

Shares of companies in the broader retail space, including GameStop Corp. GME are trading lower in sympathy with the overall market as investors weigh continued concerns over COVID-19, the Feds two-day meeting and a sell off in Chinese equities.

GameStop is otherwise trading higher by 20.4% over the past month amid marked interest in the company by retail investors as well as by social media forums WallStreetBets and Superstonk.

GameStop Corp is a U.S. multichannel video game, consumer electronics and services retailer. The company operates across Europe, Canada, Australia and the United States.

GameStop is trading lower by 6.4% at $191.76. GameStop has a 52-week high of $483 and a 52-week low of $8.38.