Good Gaming Inc (GMER) Stock Sees Profit Taking at Higher Levels: So What Next?
Over the past month, Good Gaming Inc (OTCMKTS: GMER) stock has emerged as one of the major market winners. However, on Monday some investors may have decided to book a portion of their profits and as a result the stock corrected sharply by 26%.
Despite yesterday’s drop, investors need to remember that over the past month the stock is still up 70%. Last week, the company announced that Justin Wu had been hired to work on Good Gaming’s “How To” videos.
The collaboration with Wu is a major development for Good Gaming given that he is not only a well-known crypto educator, but also the founder and CEO of DeFi Summit. The last video Wu created focused on the storyline for the MicroBuddies game, which was created by Good Gaming.
In the video, Wu provided a simple guide on how gamers purchase in-game Generation 0 Nano Factory tokens. These tokens are required to play the MicroBuddies game. It now remains to be seen if the stock can make a rally today and add to its earnings.
On Monday, GMER stock fell 26% to $ 0.4099 with more than 3.60 million shares, from its average volume of 5.51 million shares. The stock had traded in a range of $ 0.3500 to 0.5600 after the trade opened at $ 0.56. Over the past 52 weeks, the stock has traded in a range of $ 0.0046 to $ 0.7500.
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