GameStop Stock Rallies on Surprise Quarterly Profit

Former "meme stock" GameStop Corp (NYSE:GME) is brushing off a third-quarter revenue miss this morning, after the video game retailer also shared a surprise profit. At last glance, the equity is up 5.6% to trade at $28.46.The shares sport a healthy 64.3% year-to-date lead, and are eyeing their best single-day percentage pop in one month. A floor at the $26 region has contained price action since late November. GameStop stock is still heavily shorted, despite short interest dipping 11.3% over the last two re ...