Struggling video game retailer GameStop will try to turn around its fortunes by adopting a strategy of corporate investments in cryptocurrency. The company announced earlier this week that its board approved a plan to buy Bitcoin using corporate cash.
In order to fund its Bitcoin...
Gaming retailer GameStop reported declining sales while managing to turn around an unexpected profit in its fiscal second quarter. Alongside sharing its Q2 results, the company also announced a 20 million share offering.
GameStop’s revenue came at $798 million, missing the analysts’ estimates of $896...
After recording significant gains last week, the stock of video game and electronics retailer GameStop has now plunged almost 40%. The sudden change in trajectory comes after the company released a poor quarterly report while also announcing a big stock sale.
GameStop shares jumped around...
Video game and electronics retailer GameStop saw its stock take a significant jump on Monday, rising 28.15% at one point. The company’s soaring shares were prompted by a big bet from stock influencer Keith Gill, also known as “Roaring Kitty.”
Gill was in the midst...
Shares in GameStop plummeted by 16% in extended trading after the company announced its fourth-quarter earnings. Revenue was $1.79 billion, down from last year's $2.23 billion during the same period.
Expenses fell by 21.2% to $357.1 million, largely resulting from lower labor costs as...
Shares of video game and electronics retailer GameStop are on the rise again. The company’s stock has been surging in recent days, gaining more than 35% since the beginning of the week.
GameStop is expected to release its quarterly earnings report next week. Investors are...
