GameStop’s stock was on the rise again, until it was no more

GameStop (GME) stock soared in value on Wednesday, peaking at $ 348.50 per share. Then in an event that definitely no problem, a few minutes later it lost half of its value by dropping to $ 172, Bloomberg reports. Yes, the stonks are back, and GameStop is once again in the sights of amateur investors online.

Wednesday’s drama finally ended with a price drop back down to $ 265 per share, but it’s hard not to feel deja vu. It seems it was only yesterday that everyone was watching in a mixture of shock, fun and general concern as GME hit $ 483 per share. The rise and fall don’t quite compare, but the losses for anyone who sold during Wednesday’s price drop are likely huge.

Having something that you suddenly invested in that was suddenly 50% less worth may not feel good, but it really depends on when you originally bought and if you still own now: GME was worth $ 17 per share in January, but thanks to a gonzo investment, the the stock is now trading in the hundreds of dollars. It remains unprecedented.

As before, it’s unclear where it will go next, but I think it’s safe to say it’s not over yet.