Shares of video game retailer and meme original GameStop Corp. Tuesday session, down 4.8%, with the stock snapping a four-day winning streak.
The company's shares also recorded their largest daily percentage decline since January 16, when they fell by 5.2%. The stock has now fallen 11 of the last 17 trading days.
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Shares rose last month ahead of the company's fiscal third-quarter earnings report, but are now down 33.7% over the past 52 weeks, compared with the S&P 500's SPX gain of 21.1% in that time.
Related: Original meme stock GameStop is seeing its biggest daily decline in over a month
Short interest as a percentage of the public offering of GameStop shares is 23%, according to the latest exchange data.
GameStop, like fellow darlings including AMC Entertainment Holdings Inc. AMC,
It was a major beneficiary of the meme stock buying frenzy in January 2021. Buoyed by the WallStreetBets crowd on Reddit, the struggling video game retailer's stock rose more than 1,200% between January and March 2021, as the company's market cap topped $17 billion. But shares have fallen dramatically since then, and GameStop's market cap now stands at $4.55 billion.
The company saw major leadership changes last year. GameStop fired CEO Matthew Furlong in June and said its board had elected activist investor Ryan Cohen as CEO. Cohen was then named CEO in late September, the latest chapter in his attempt to breathe new life into the company.
Meanwhile, AMC shares fell 3.4% on Tuesday and are now down 91.1% over the past 52 weeks.
Related: AMC CEO bemoans 'painful' stock decline amid 'ridiculously anemic' box office.
