GameStop to Release First Earnings Report Since Reddit-Fueled Stock Rally

with help from Ryan Cohen, the Chewy Inc. co-founder recently added to the company’s board. GameStop’s share price of about $200 as of Friday is more than 10 times as much as it was at the start of the year, though the stock peaked at $483 in intraday trading in late January.

Wedbush Securities analyst Michael Pachter said it isn’t possible for GameStop’s results to reflect its roughly $14 billion valuation given the issues it is facing. “There is not an institutional investor alive who is considering going long at $200” a share, Mr. Pachter said. “This is not a dot-com that’s just starting up.”

GameStop shares up eight bucks after hours. $GME

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