GameStop shares slide 16% following Friday's 40% sell-off
Publishing timestamp: 2024-06-10 13:18:46
Summary
GameStop shares fell over 16% after releasing a disappointing earnings report and an uninspiring livestream from meme stock champion Keith Gill. The company reported a 29% drop in sales in the first quarter and announced it was selling an additional 75 million shares. Analysts remain skeptical about GameStop's ability to turn things around, with one noting that previous strategies have failed and there is no clear new strategy in place.
Sentiment: NEGATIVE
Tickers: GME,
Keywords: breaking news: markets, investment strategy, gamestop corp, breaking news: investing, breaking news: business, wall street, markets, business news, stock markets,