Shares of GameStop Corp. GME,
shot up 31.8% during Friday’s morning trading, but suffered a major loss in the week, the first since the trading frenzy in the heavy short-circuiting in video games and consumer electronics began about a month ago. The share price has fallen 78.3% this week, after a sky-high rise of 1,737.2% in the past three weeks. The stock is now down 79.7% since closing at a record $ 347.51 on Jan. 27. Meanwhile, the shares of AMC Entertainment Holdings Inc. AMC,
which were also caught up in the apparent short squeeze, bounced 3.1% on Friday after dropping 21.0% on Thursday. Shares of the cinema chain, which were on their way to a 44.9% loss this week after rising 277.8% the previous week, now traded 63.3% below the January 27 close of $ 19.90. which was the highest closing price since October 2018.In the past three months, GameStop shares are up 515.7% and AMC’s share is up 197.1%, while the S&P 500 SPX,
is stalled at 10.7%.