GameStop shares skyrocket on the day, but suffer a huge weekly loss since the business frenzy began

Shares of GameStop Corp. GME,
+ 19.57%
it shot up 31.8% on Friday, but suffered a heavy loss during the week, the first since the commercial frenzy in the video game and consumer electronics retailer began about a month ago. The fall has fallen 78.3% this week, after soaring 1,737.2% over the previous three weeks. Shares have now fallen 79.7% since closing at a record $ 347.51 on Jan. 27. Meanwhile, shares of AMC Entertainment Holdings Inc. AMC,
-0.00,
which were also caught by the seemingly short tightening, bounced 3.1% on Friday after falling 21.0% on Thursday. Shares of the film chain, which were heading for a loss of 44.9% this week after firing 277.8% the previous week, were now trading at 63.3% below the close on January 27, $ 19.90, which was the highest closing price since October 2018. Over the past three months, GameStop shares have risen 515.7% and AMC shares have gained 197.1% , while the S&P 500 SPX,
+ 0.32%
has attacked 10.7%.

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