Why GameStop Shares Are Popping Off Today

Loading...
Loading...

GameStop Corp. GME shares are trading higher by 9.72% to $28.34 going into the close of Friday's trading session as the stock trends on social media. The company also recently reported quarterly earnings and announced a partnership with FTX.

What Happened?

GameStop Wednesday afternoon reported second-quarter net sales of $1.136 billion, down from last year’s $1.183 billion. Revenue came in shy of a Street estimate of $1.27 billion.

The company reported a loss of 35 cents per share in the second quarter, beating estimates of a loss of 38 cents per share from analysts...Read More

See Also: Why NIO Shares Are Rising

According to data from Benzinga Pro, GameStop has a 52-week high of $63.92 and a 52-week low of $19.40.

Market News and Data brought to you by Benzinga APIs
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...