Over the course of the past month, the Good Gaming Inc (OTCMKTS:GMER) stock has emerged as one of the notable gainer on the market. However, on Monday, some investors may have decided to book some of their profits and consequently, the stock corrected sharply by 26%.
Despite the fall yesterday, it is necessary for investors to remember that over the course of the past month, the stock is still up by as much as 70%. Last week, the company had announced, that Justin Wu had been engaged to work on the ‘How To’ videos from Good Gaming.
The collaboration with Wu is a major development for Good Gaming considering the fact that he is not only a well known crypto educator but is also the Founder and Chief Executive Officer of DeFi Summit. The latest video that was created by Wu was focussed on the storyline of the game MicroBuddies, which had been created by Good Gaming.
In the video, Wu provided a simple guide with regards to the ways in which players purchase Generation 0 Nano Factory Tokens withing the game. Those tokens are necessary if one is to play the MicroBuddies game. It now remains to be seen if the stock can make a recovery today and add to its gains.
Market Reaction:
On Monday, GMER stock slumped 26% at $0.4099 with more than 3.60 million shares, compared to its average volume of 5.51 million shares. The stock had moved within a range of $0.3500 – 0.5600 after opening the trade at $0.56. Over the past 52-week, the stock has been trading within a range of $0.0046 – 0.7500.
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