Why GameStop Shares Are Trading Lower Today

GameStop Corp. GME shares are trading lower by around 4.2% at $203.27 as the stock continues to pull back following its recent retail-driven surge.

According to data from Swaggy Stocks, GME is the 12th-most-mentioned ticker for Friday on the popular subreddit WallStreetBets. GameStop shares are trading lower by 7% since the opening bell Monday.

GameStop is a U.S. multichannel video game, consumer electronics and services retailer. The company operates across Europe, Canada, Australia and the United States.

GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games and Micromania stores and international e-commerce sites.