Here's what we can learn from the Gamestop craze
CNN
The mania that drove the recent GameStop stock rally should remind all investors of the need to stay diversified.
Shares of GameStop (GME) are still up nearly 150% this year. But at its current price of around $45, the stock is about 90% below the peak of $483 it hit late last month during the Reddit-fueled frenzy against short sellers who bet GameStop shares would drop. Clearly, some investors got in way too late -— and were left holding the bag.
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