Grapevine, Texas-based GameStop, in which billionaire investor Ryan Cohen holds a majority stake and serves as chairman, recorded a 16% decline in costs during the quarter andInvestors saw this as an early sign of turnaround for GameStop, whose core business of selling new and pre-owned videogame disks is shrinking as consumers move to downloading games digitally or streaming.The stock hit its highest level in more than four months with 12.
A GameStop Inc. store is shown in Encinitas, California, U.S., May 24, 2017. REUTERS/Mike Blake/File Photo , another stock with high short interest, jumped 20% after the used-car retailer said it expects a smaller core loss in the current quarter. Wedbush raised its price target on GameStop's shares to $6.50 from $5.30 after the results, as the brokerage believes the lower cost structure reduces the risk of ongoing losses.
May I can finally cash out on this stock ! Sigh
hey who wants to get screwed on the next meme stock hop on in
Too bad it's shareholders who only hold GME are pushing other people away by attacking their stocks, retail should be on retail's side, division is only going to slow the victory up.
💣
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