It has been about a month since the last earnings report for GameStop (GME) . Shares have lost about 0.7% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is GameStop due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. GameStop Q2 Earnings Beat Amid Y/Y Sales Dips Acros ...

GameStop Corp (NYSE:GME), AMC Entertainment Holdings Inc (NYSE:AMC), and Chewy Inc (NYSE:CHWY) have all been popular retail trader plays, especially since Keith Gill (otherwise known as "Roaring Kitty") returned to social media this summer.The Reddit influencer helped kick off the meme stock craze that happened during the Covid-19 pandemic, which built up so much momentum that online brokerage platform Robinhood (HOOD) halted trading of GME and other retail favorites temporarily in 2021. Now that Roaring Ki ...

GameStop Corp‘s GME stock price is up 17.04% year-to-date but down 12.43% over the past month.The Federal Trade Commission (FTC) recently slapped a fine on CEO Ryan Cohen, adding fuel to the fire, and further stoking the volatility that GameStop stock investors are used to.Cohen agreed to pay almost $1 million to settle charges from the FTC. His failure to report the acquisition of Wells Fargo shares promptly resulted in a sharp focus on his management.This legal hiccup hasn't exactly helped GameStop’s stoc ...

Nationally ranked stock picker for 30 years. Victory Formation and Bottom Fishing Club quant-sort pioneer.....Paul Franke is a private investor and speculator with 38 years of trading experience. Mr. Franke was Editor and Publisher of the Maverick Investor® newsletter during the 1990s, widely quoted by CNBC®, Barron’s®, the Washington Post® and Investor’s Business Daily®. Paul was consistently ranked among top investment advisors nationally for stock market and commodity macro views by Timer Digest® during ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Gamers look away!GameStop has announced that it will be closing even more brick-and-mortar locations in the coming year, after a disappointing earnings report.The company said it is struggling to sell hardware in its stores around the world as more and more games are downloaded digitally if not simply ordered online. 4 GameStop has announced that it will be closing even more brick-and-mortar locations in the coming year, after a disappointing earnings report. REUTERSThe next round of closures is set to be ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

ToplineThe value of GameStop’s stock continued to decline on Wednesday after the video game retailer—often the focus of meme stock trading since a viral 2021 rally—reported a decline in sales, dropping the company’s market capitalization by $2 billion.The video game retailer said it would sell 20 million shares to fund future investments and ... [+] acquisitions.Getty Images Key FactsShares for GameStop fell by over 14% to below $20 as of 2:40 p.m. EDT, adding to a 3.3% loss on Tuesday. As of Wednesday’s s ...

GameStop Corp. (GME) posted second-quarter fiscal 2024 results, wherein the top line missed the Zacks consensus estimate and declined year over year. However, the company’s earnings per share surpass estimates and compared favorably with the year-ago figure. Higher inflationary pressures on consumer spending in the gaming industry have been resulting in lower demand and, in turn, weighing on the company’s results.Shares of this Zacks Rank #3 (Hold) company have gained 36.1% in the past year compared with th ...

GameStop Corp (NYSE:GME) stock is near the bottom of the New York Stock Exchange (NYSE) today, last seen down 17.7% to trade at $19.36. The meme stock and video game retailer reported adjusted second-quarter earnings of one cent on $798 million in revenue. While earnings are higher year over year, the revenue was a more than 20% drop from the $1.16 billion figure a year ago. Customers opting to buy video games online hurt GameStop, which relies on the selling of new and used discs in-store. The company also ...