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GameStop craters as earnings show sales falling and profits driven mostly by its huge cash pile

GameStop's surprise profit was driven primarily by interest earned on its $4 billion cash pile, rather than its underlying retail business.

Reuters · 7d

Meme stock GameStop slumps as revenue drop fans turnaround doubts

Shares of GameStop , a widely watched meme stock, tumbled 15% on Wednesday after the video game retailer reported a bigger drop in quarterly revenue, questioning its ability to revitalize its business.

MarketWatch · 7d

GameStop price target cut as analyst cites retailer’s lack of strategy

GameStop Corp. surprised investors with a quarterly profit in its second-quarter results Tuesday, but the videogame retailer still has many challenges ahead, according to analyst firm Wedbush.

GameStop, Ryan Cohen

Reuters on MSN · 20h

GameStop CEO Cohen to pay $1 million fine over Wells Fargo stock buy

GameStop CEO Ryan Cohen agreed to pay a nearly $1 million penalty to settle the U.S. Federal Trade Commission's claim that he failed to report acquisition of more than $100 million worth of Wells Fargo & Co voting shares,

The Globe and Mail · 1d

GameStop CEO Ryan Cohen agrees to pay US$1-million fine over Wells Fargo stock buy

Cohen failed to notify the U.S. FTC as required when he amassed shares above the $100-million threshold in 2018, the agency said

Law · 17h

GameStop CEO Fined $1M for Failing to Disclose Wells Fargo Investment

Ryan Cohen had amassed more than $100 million in Wells Fargo shares, the threshold for disclosure under the Hart-Scott-Rodino Act. But he didn''t submit the required filing until January 2023.

16hon MSN

GameStop Corp. Cl A stock underperforms Wednesday when compared to competitors

Shares of GameStop Corp. Cl A slid 2.53% to $19.65 Wednesday, on what proved to be an all-around poor trading session for the ...

Jim Cramer Agrees GameStop Should Consider Operating As A Bank And Labels The Meme Stock As 'Massively Overvalued' SPAC

Jim Cramer has compared GameStop Corp. (NYSE:GME) to an overvalued special purpose acquisition company. What Happened: Cramer ...

MarketWatch2d

GameStop Corp. Cl A stock outperforms competitors despite losses on the day

Shares of GameStop Corp. Cl A GME slipped 2.71% to $20.09 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.13% to 5,633.09 ...

‘Bail Out Ahead of Earnings,’ Says Analyst About GameStop Stock

Industry sales were roughly the same as during the year-ago period, with declines in hardware sales countered by a solid ...

6don MSN

GameStop prepares to shutter even more stores after disappointing second quarter

GameStop has announced that it will be closing even more brick-and-mortar locations in the coming year, after a disappointing earnings report.

Here's How Much You Would Have Made Owning GameStop Stock In The Last 20 Years

GameStop GME has outperformed the market over the past 20 years by 3.19% on an annualized basis producing an average annual ...

This tactic could improve GameStop’s performance, analyst says

GameStop Corp.’s long-term strategy is in the spotlight after the videogame retailer reported second-quarter results this ...

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