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 ...

GameStop NYSE: GME posted another smoke-and-mirrors quarter, resulting in a normal market response: a fall. The results reveal a company trying hard to turn itself around but failing miserably and eating itself to death at shareholder expense—insufficient news to spark another meme-quality rally. Because the company has filed to sell another 20 million shares, investors should fear the worst: a move below critical support in the $20 range and a move back to $10, where this stock belongs. Get GameStop alerts ...

GameStop (NYSE: GME) found itself in hot water on September 11, with shares plummeting 15.09% to $19.95 at market open following a shaky Q2 earnings report. While the company managed to beat EPS expectations with a slim $0.01 per share (compared to estimates of a -$0.09 loss), it wasn’t enough to offset other troubling figures.Revenue plunged a staggering 31.9% year-over-year to $790 million, missing expectations by $106 million. Adding to the pain, adjusted EBITDA came in at a negative $18 million, a far c ...

Key TakeawaysGameStop shares plummeted in premarket trading Wednesday after the brick-and-mortar video gamer retailer announced a 20 million share offering and reported a 31% drop in quarterly sales, as consumers continue to pivot from physical discs to digital downloads and game streaming.Wednesday’s projected earnings-driven drop opens the door for a potential breakdown below the lower trendline of a symmetrical triangle.Investors should monitor key post-earnings chart levels at $18.50, $15.25 and $13.25, ...