Why did GameStop Corp stock fell today? 

2021-12-23T18:46:15
Gamestop Gamestop stock
...

Why did GameStop Corp stock fell today? 

Why did GameStop Stock Fell Today: Retail investors received news from the company that should have cheered them up last week,
but GameStop shares continued to slide. 

 Evest follows the developments in the company’s stock in the following report.

 Topics:

 What happened to GameStop Corp? 

What does it mean 

Now What  

What happened to GameStop Corp?

 The glow on the original GameStop Corp(NYSE: GME) shares appears to be fading.

The stock is down nearly 33% in the past month — a period that included the latest quarterly financial update and some news that should please retail investors at GameStop.
But the downtrend in GameStop shares continued today, with the stock dropping nearly 4% at today’s lows. 

 

What does it mean 

 Previously, GameStop Corp disappointed investors when it announced its third quarter earnings without any update on its move to ecommerce.

Last week, digital payments network Flexa announced on Twitter that  ,
GameStop will use its network to accept cryptocurrency payments including Shiba and Dogecoin.

But this news wasn’t enough to rally retail investors to raise GameStop Corp shares 

 

Now What  

 When retail investors turned GameStop into its first מם stock earlier this year, they expected the struggling retailer to turn into an internet giant.

GameStop Corp got Chewie co-founder Ryan Cohen, and  investors got institutions to add stocks by hedging their short positions. 

 But in its most recent quarterly update,  GameStop’s reported revenue increased 29% year over year to nearly $ 1.3 billion for the third fiscal  quarter ended October 30,
but net loss rose to $ 105.4 million – $ 18.8 million in the same period last year. 

 Even last week’s news  that the video game retailer was accepting cryptocurrency payments through Flexa didn’t help the stock halt its month-long slide.

Today’s  Dropping isn’t from  new news, but it does appear that retail investor patience  may be losing value.

brandfooter