GameStop's stock has surged recently, but with high short interest and an earnings report imminent, consider taking profits before potential volatility. The company faces declining revenue, no earnings, and lacks a viable turnaround plan, making its current $10 billion valuation unsustainable. Despite some improvements in margins and a strong balance sheet, the core business model remains flawed, with retro store concepts unlikely to drive significant growth.
A well-timed trade in GameStop's options reaped a handsome profit on Friday after an account associated with "Roaring Kitty," a stock influencer and longtime champion for the video game retailer, published a cryptic post on social media platform X.
Investors should be ready for wild fluctuations in shares.
Videogame retailer and original meme stock GameStop reports second-quarter results after market close on Sept. 10
GameStop Corp (NYSE:GME) is expected to report second quarter financial results in line with expectations, with the video game retailer seen posting a “modest” sequential improvement in profit, analysts at Wedbush believe. This increase in profit is expected to stem from increased interest income following two share offerings for a total of 120 million shares that netted the company $3 billion or $7 per share.
Zacks.com users have recently been watching GameStop (GME) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
GameStop NYSE: GME shares are up more than 17% from the late-August low, confirming support at a critical level, and they may head higher. Is this stock buyable at these levels?
A Florida couple is building up their stake in JetBlue Airways Corp. and has been discussing possible board representation at the airline, according to a filing on Thursday.
GameStop (GME) reports quarterly financial results after the closing bell Tuesday, with analysts expecting lower revenue, a slightly larger net loss, and lower comparable store sales compared to the second quarter of fiscal 2023.
Gen Z investors are "renegade" and "anti-establishment" compared to older investors, entering the market earlier, with a higher risk tolerance, as well as relying heavily on social media for information and trading apps for access to markets. This is according to a report from research house Hardman & Co', which highlights how this generation's investing habits differ from older investors in both approach and portfolio composition.
Though primarily associated with the 2021 meme stock craze – and, by extension, with companies like GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) – r/WallStreetBets has long since moved on to greener pastures and found its new favorite companies.
Meme stocks AMC and GameStop have risen and fallen on social media hype.