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GameStop did not disclose the price at which it sold the shares, but based on Reuters calculations, they were sold at an average price of $20.74 each. Its shares were currently trading at $21.93.
GameStop's surprise profit was driven primarily by interest earned on its $4 billion cash pile, rather than its underlying retail business. GameStop craters as earnings show sales falling and ...
GameStop is a heavily shorted stock, with short interest just above 21% of the float. The company took advantage of mid-May's unexpected meme rally, selling 45 million shares to bring in about ...
Keith Gill's live stream followed the release of GameStop's quarterly results, which showed the company managed to narrow its losses in the first quarter, though its revenue fell as sales weakened ...
GameStop TV is the in-store television network run internally by GameStop, with non-endemic sales in partnership with Playwire Media. GameStop TV features programming targeted to consumers shopping in GameStop stores. Each month brings content segments about upcoming video game releases, exclusive developer interviews, and product demonstrations.
Net sales dropped 29% to $882 million versus analyst estimates of $995.5 million. Wall Street was expecting the quarterly results later this month. The company also filed to sell up to 75 million ...