Why Is GameStop Stock Down 38%?

CANADA - 2025/10/04: In this photo illustration, the GameStop (Game Stop - GS) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesGameStop’s (NYSE:GME) slide over the last six months narrates a compelling tale. The stock has declined nearly 38% from its 52-week high of about $35 to approximately $21–22 today. More remarkably, the company's recent results indicated that net sales plummeted around ...