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What’s Going On With GameStop Stock?

GameStop Corporation (NYSE: GME) shares are trading higher Tuesday.
byErica Kollmann
September 5, 2023
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GameStop Corporation (NYSE:GME) shares are trading higher Tuesday. The company is set to report its second-quarter financial results after the market close on Wednesday.

What To Know:

GameStop shares are moving higher Tuesday on above-average trading volume. According to data from Benzinga Pro, more than 715 thousand shares have already been traded in the session, compared to the stock’s 100-day average of 3.658 million shares.

GameStop will report its second-quarter financial results after the market close on Wednesday.  According to estimates from Benzinga Pro, GameStop is expected to report a loss of 14 cents per share and revenue of $1.14 billion.

GameStop shares continue to draw the attention of short-sellers with 19.12% of available shares are being sold short.

Related News: Taylor Swift Saves AMC: What’s Going On With AMC Entertainment Stock?

GME Price Action: According to Benzinga Pro, shares of GME are up 4% at $19.16 at the time of publication.

Image: sergeitokmakov from Pixabay

 

 
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