GameStop Falls!
GameStop is an American vendor of video game, electronic gadgets and game products.
GameStop Corp's stock fell further in early trading on Tuesday, losing one-third of its value so far.
Stocks of the company fell 16.4 percent to $ 184, following its worst weekly performance since early February. (More than 30 percent drop since closing last Friday.)
Other online retail stocks were also down early Tuesday, with AMC Entertainment Holdings Inc. down 8.6 percent and headphone maker Koss Corp. down 7.1 percent.
GameStop stated that it will announce its fourth quarter financial results on March 23. FactSet analysts expect adjusted earnings to be $ 1.35, from $ 1.27 per share in the previous fiscal fourth quarter. Of course, analysts are showing a much more bearish trend than retail investors following the WallStreetBets trend on Reddit.
GameStop continues to hold a legion of loyal followers after triggering a major event through a social media platform in January, in which its stocks grew by more than 1,600 percent.
GameStop Falls!
Source:
https://www.marketwatch.com/
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