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However, we may receive compensation when you click on links to products or services offered by our partners. It has not been provided or commissioned by any third party. The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. GameStop shares spiked Wednesday, reaching $348 apiece, only to come crashing down to $172 each early in the afternoon, causing multiple halts in trading of the stock due to volatility.

Stocks then moved back up and ended the day at $265, a 7% increase for the day.  As a direct result, today it is more frequent to observe prices depicted as decimal quantities. Applying this format helps to make betting more easily accessible to the masses. This is relevant, because people who are able to readily grasp something are more liable to si s. It wasn’t just the slang either, the mathematics powering betting isn’t exactly intuitive for many individuals.

There are concerns that zero-commission brokers contribute to the volatility of the market and give inexperienced people access to risky trading options.  The Senate Banking Committee held a hearing Tuesday to discuss recent GameStop volatility and the “gamification” of trading by popular investing apps like Robinhood. Short interest in GameStop was valued at $1.9 billion, or 25.38% of the stock’s float on Monday, compared to 32.56% about a week ago, according to Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.

Cohen, a major shareholder who has pushed Gametop’s move away from its brick-and-mortar model, joined the board in January shortly before a social media frenzy drove a meteoric rise in which GameStop shares surged more than 1,600%. The stock price has dropped dramatically since then.  GameStop shares skyrocketed from less than $20 in early January to more than $480 at the end of January thanks to a massive push by traders on the Reddit forum r/WallStreetBets.

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