Shares of GameStop have been subject to extreme volatility over the past few months that far surpasses the price swings of bitcoin, according to data from Bespoke Invest.
Over the past 50-days, the daily average percentage move in shares of GameStop stands at 21%, compared to just 3.6% for bitcoin, according to Bespoke.
Volatility has skyrocketed for bitcoin following the epic January short-squeeze that saw its shares hit an all-time high of $483, and it has remained heightened as investors continue to grapple with the company's e-commerce turnaround plans led by activist investor Ryan Cohen.
Bitcoin has also seen some choppy trading in recent weeks, as it hovered just below its all-time-high of about $60,000 for most of March. The cryptocurrency was down as much as 7% on Thursday, but has since bounced off the key $50,000 level.
"And you thought bitcoin was volatile," Bespoke said.
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