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GameStop Put On PS5, Xbox Series X For Sale But The Stock Didn't Last Long

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GameStop Put On PS5, Xbox Series X For Sale But The Stock Didn't Last Long

GameStop Corporation (NYSE: GME) put on sale Tuesday the latest consoles from Sony Corporation (NYSE: SNE) and Microsoft Corporation (NASDAQ: MSFT) but soon exhausted the “very limited” stock.

What Happened: Gaming Twitter account Wario64 gave out information to the online-only stock on Tuesday.

The information was later confirmed by GameStop through a tweet.

See also: How‌ ‌to‌ ‌Buy‌ ‌GameStop‌ ‌(GME)‌ ‌Stock‌

A tweet put out over two hours after by GameStop alerted customers that the company had already sold out the Xbox Series. 

Why It Matters: As of press time, both the consoles were marked “Out of Stock” on the game retailer’s website.

On Tuesday, Target Corporation (NYSE: TGT) was reported to have both the disc and digital editions of PS5 in stock but those too were sold out, the Verge reported

See Also: PlayStation 5 Seekers Are Too Much For Walmart, Best Buy To Handle

There have been shortages of PS5 consoles since the day the device was launched in Japan in November. 

The shortages have not dissuaded Sony from launching the console in new markets such as China. Sony sold 4.5 million PS5 units last year. 

Price Action: GameStop shares closed almost 26.9% higher at $246.90 on Tuesday and rose 5.71% in the after-hours session to $261.01.

Read Next: Can You Mine Ethereum With PlayStation 5? Here's What You Should Know

Photo courtesy: Oxiq via Wikimedia

 

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