GameStop Trading Volume Plummets 64.94% to $348 Million Ranking 309th in Daily Market
1min read On March 31, 2025, GameStop's trading volume reached $348 million, a significant drop of 64.94% from the previous day, placing it at the 309th position in the daily stock market rankings. The stock price of gamestop (GME) rose by 2.72%.
GameStop has implemented aggressive strategies, including Bitcoin reserves and convertible bonds, to counteract its declining performance. Under the leadership of CEO Ryan cohen, the company is exploring new avenues for profitability.
Despite the company's efforts to pivot towards Bitcoin, investors remain skeptical. Recent reports suggest that while Bitcoin may not be the savior GameStop needs, other ventures like Pokemon could potentially drive growth. The price target for GameStop has been increased by 15% to $11.50, reflecting a cautious optimism among analysts.
Investors have expressed concerns over GameStop's pivot towards Bitcoin, leading to a tumble in share prices. This uncertainty highlights the challenges the company faces in transitioning to a more digital-focused business model.
Ask Aime: What's next for GameStop after its trading volume plummeted?
