Why American Eagle, GameStop, and Best Buy Crashed on Wednesday

·3 min read
Why American Eagle, GameStop, and Best Buy Crashed on Wednesday

It seems everyone from teen and young adults clothier American Eagle Outfitters (NYSE: AEO) to GameStop (NYSE: GME) and Best Buy (NYSE: BBY) -- two stocks that cater to the videogamer set -- are in a tailspin today. As of 11:20 a.m. ET, American Eagle stock is losing 6.2%, GameStop's down 7.2%, and Best Buy is leading the retail sector lower with a 10% loss.

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