84K Robinhood traders at risk of ‘bagholding’ after Kanye threatens GAP

GAP stock surged 40% when news broke of professional hyphen Kanye West‘s exclusive 10-year deal with the retail fashion giant last month, a story that attracted more than 84,000 Robinhood traders to add $GPS to their portfolios. As hype surrounding the partnership cooled, GAP stock would fall more than 20% from its $14.44 peak. Now, more than a month later, West’s relationship with GAP has again influenced the company’s stock price; it sank 6% on Monday morning after West threatened to walk away from the deal during an appearance at an event on Sunday night. This put GAP stock down…

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