GameStop Corp (NYSE: GME) chief executive Ryan Cohen shared a picture with MicroStrategy Inc's (NASDAQ: MSTR) chairman Michael Saylor on Sunday. Shares of both companies are inching up today.
Cohen uploaded the photo over the weekend on X, sparking speculation that GameStop is plotting another strategy around crypto.
The meme stock has sunk this year, but a picture posted by CEO Ryan Cohen appeared to be boosting it on Monday.
Strategy is a business-software company and cryptocurrency play.
GameStop (GME) closed the most recent trading day at $25.90, moving +0.04% from the previous trading session.
GameStop Corporation GME stock could be back in the spotlight with social media spotting a move made by CEO Ryan Cohen, which comes as the company has been quiet about what it's doing with its large cash balance.
GameStop Corp. GME, the original “meme stock” that ignited a social media-fueled trading frenzy, remains a hot topic on Wall Street. Despite ongoing volatility and questions about its long-term fundamentals, the stock continues to trade at a premium, supported by retail investor enthusiasm.
GameStop (GME) closed at $27.51 in the latest trading session, marking a +0.18% move from the prior day.
Retail giant GameStop Corp (NYSE:GME) is having a challenging start to 2025, with shares down 13% so far in January.
GameStop isn't fundamentally strong, but its high volatility and expensive call options offer income opportunities through selling covered calls. Despite relatively weak fundamentals, GameStop's gross profit margin is improving, and its large cash position provides a safety net. The stock is in a short-term uptrend, making it suitable for selling covered calls, though risks include potential price drops and a fall in implied volatility.
Video game retailer GameStop Corporation GME is a widely followed stock, but the company hasn't hosted earnings conference calls in recent years.
GameStop (GME) reported earnings 30 days ago. What's next for the stock?