Michael Burry replayed his GameStop bet in a Substack post on Monday. The "Big Short" investor wrote that a "crappy business" became the "belle of the ball" in 2021.
Here are some of the major companies whose stocks moved on the week's news.
GameStop's NYSE: GME fiscal Q3 earnings performance was better than expected, but this stock is still not a good one to hold, buy, or trade. That's because the core retail business continues to flounder, the strengths are driven by a cash balance tied to aggressive dilution, and the Bitcoin (BTC) strategy is highly questionable.
GameStop ( NYSE:GME ) is the O.G.
For four years, Wall Street has viewed GameStop (NYSE: GME) as a failing mall retailer. They monitored foot traffic, meticulously followed video game hardware cycles, and scoffed at the plummeting revenue.
GameStop Corp. is reiterated as a buy following Q3 results and a post-earnings dip, offering a contrarian rebound opportunity amid 2025 market volatility. GME's U.S. sales grew 12% y/y, outperforming key competitors and demonstrating resilience despite macro headwinds and divestiture of underperforming international segments. The collectibles division surged 50% y/y to $256.1 million, driving a favorable shift in sales mix and boosting GAAP gross margins to 33.3%.
GameStop posted third-quarter revenue below analysts' estimates on Tuesday, as the video game retailer struggles to gain ground following its pivot to digital downloads and streaming, sending its shares down 5.8% in after-hours trading.
GameStop Corp (NYSE:GME) shares fell 5.4% afterhours as its third quarter sales fell short of Wall Street expectations. The company reported net sales of $821 million for the period, down from $860.3 million in the third quarter of 2024 and below the FactSet consensus of $987.3 million.
GameStop'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.
GameStop Corp (NYSE:GME) stock is buzzing today, a fitting storyline for the Black Friday shopping frenzy.
Beyond Meat is Wall Street's latest meme stock, echoing similarities to prior darlings like GameStop and AMC. Despite it becoming a new trader favorite, smart investors clearly see Beyond Meat's structural issues.
GameStop is upgraded to a buy rating as fundamentals show a clear turnaround, with top-line growth and improved operating efficiency. GME posted a 21.78% YoY net sales increase and a significant operating income swing, beating analyst expectations and signaling robust demand. The company added substantial debt, likely to fund Bitcoin purchases, increasing risk but potentially positioning GME for further gains.