What's Going On With GameStop Stock Today?

GameStop Corp. (NYSE:GME) shares are trading lower by 11.32% to $21.16 during Tuesday's session. Shares are trading lower, potentially amid profit-taking, as the stock pulls back following Monday's rally in high-short interest stocks.

GameStop, among other meme stocks, has seen marked, continued short squeeze volatility throughout 2023. According to data from Benzinga Pro, GME stock has a total share float of 267.644 million, of which 58.410 million shares are sold short, representing 21.82% of shares sold short.

While GME did not have any company-specific news Monday during Monday's strength, meme stock peers AMC and BBBY did:

• AMC on Monday revealed it is planning to price theater tickets based on where its customers are seated during the movie...Read More
• BBBY late Monday announced a proposed $225 million offering of Series A Convertible Preferred Stock and warrants...Read More

See Also: This Chicken Wing Stock Has A Better 5-Year Return Than Disney, Ford, Microsoft, Alibaba, Amazon, Bitcoin And Ethereum

GameStop has a 52-week high of $49.85 and a 52-week low of $15.41.