GME Stock Alert: GameStop Posts Sales Drop as Foot Traffic Weakens

GameStop (NYSE:GME) unexpectedly posted first-quarter results, and the news wasn’t good. GME stock is down 19% in pre-market trading.The video game chain, which has become a meme stock thanks to Roaring Kitty, saw a decline in sales and foot traffic. The company lost $32.3 million, 11 cents per share, on sales of $882 million. A year ago, GameStop lost $50.5 million, 17 cents per share, on sales of $1.24 million.The results had been expected on June 17. They were moved up because of the stock’s volatility.I ...