GameStop (GME) might have delivered a better-than-expected set of earnings last week, but investors instead took the opportunity to offload shares in a hurry. The stock shed 27% of its value in the subsequent session. Of course, GameStop stock has been a law unto its own in 2021, soaring to unimaginable heights on account of the short squeeze phenomenon and as the poster boy for the meme stock movement. It is a name that does not play by Wall Street’s rules, and as such Wedbush analyst Michael Pachter says the earnings results were of little interest to the big chunk of retail shareholders.
https://www.tipranks.com/news/article/gamestop-lack-of-strategy-is-more-food-for-the-bears
GameStop (NYSE:GME)
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GameStop (NYSE:GME)
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