GameStop Corp. (NYSE:GME) shares lost ground Wednesday as meme stock traders marked the one-year anniversary of the wild short squeeze in GameStop that occurred after Chewy Inc (NYSE:CHWY) co-founder Ryan Cohen joined GameStop's board of directors.

Happy Anniversary: Cohen himself acknowledged the event in a tweet on Tuesday that simply read "Happy Anniversary" along with a pile of poo emoji.

GameStop, which was one of the most heavily shorted stocks in the market entering 2021, skyrocketed from under $20 to as high as $483 in a matter of weeks in January 2021.

Since that initial mania, GameStop continued to...