GameStop Shares Fall as Piper Jaffray Shows Concern with Wii U Sales, Cuts 2013 Estimates

Shares of GameStop GME are leading the video game sector lower Thursday afternoon following some cautious comments from Piper Jaffray's Michael Olson. The stock is down more than five percent to around $26.14. Olson is concerned with sales of Wii U and lowered his installed base estimates for next year. The analyst reduced sales, same-store sales and earnings estimates for 2013. Olson maintains a Neutral rating and $14 price target. Shares of Activision Blizzard ATVI are down about two percent at last check; shares of EA EA are down just over two percent.