What’s Going On With GameStop (GME) Shares

GameStop Corp (NYSE: GME) shares are trading higher by 3.08% to $22.10 Friday morning.

June 9, 2023

1 minute read

GameStop Corp (NYSE:GME) shares are trading higher by 3.08% to $22.10 Friday morning. The stock is trading higher, reversing following Thursday’s weakness, after the company reported worse-than-expected first-quarter results and announced it has appointed Ryan Cohen as executive chairman, terminating its former CEO.

GameStop Q1 Results

GameStop disclosed its first-quarter net sales of $1.237 billion, reflecting a decline from the previous year’s $1.378 billion. The reported net sales fell short of the estimated $1.36 billion.

For the first quarter, the company incurred a net loss of $50.5 million. Earnings per share stood at negative 14 cents, which failed to meet the Street consensus estimate of a loss of 12 cents per share…Read More

According to data from Benzinga Pro, GME has a 52-week high of $47.99 and a 52-week low of $15.41.

This House of Representative Just Sold Up To $100K In Cheniere Energy Stock

By Benzinga Insights

June 14, 11:05 AM

The Office of Florida Representative Maria Elvira Salazar has reported a sale of Cheniere Energy (AMEX:LNG) stock on…

LNG

Matterport Stock Soars On CoStar Group Takeover Deal: The Details

By Adam Eckert

April 22, 10:29 AM

Matterport has entered into a definitive agreement in which CoStar Group will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representing an equity value of approximately $2.1 billion and an enterprise value of approximately $1.6 billion.

MTTR

Lifeist Reports Highest Quarterly Gross Profit In History, Continues To Diversify Its Wellness Business

By Jelena Martinovic

Yesterday, 10:13 AM

Lifeist Wellness Inc. reported on Monday its financial results for the three and 12 months ended Nov. 30, 2023. The Toronto-based company said it achieved the highest quarterly gross profit in the company's history in the fourth quarter totaling CA$2 million ($1.5 million), representing a gross margin of 42%, compared to CA$1.9 million, or 31% gross margin, in the corresponding quarter of 2022."Our performance in the fourth quarter of 2023 reflects our strategic focus on high-margin activities and operational efficiency, resulting in the highest quarterly gross profit in our company's history," Meni Morim, CEO of Lifeist, said. "Though accompanied by unique hurdles, our focus towards enhancing gross profit has produced promising results." The company recently announced that it has entered into a definitive share purchase agreement with 1463663 B.C. Ltd., a newly incorporated affiliate of Tierra Corp., and the company's Canadian cannabis subsidiaries, collectively referred to as the CannMart Group, to divest and sell all of the shares of the CannMart Group to the buyer for CA$5 million.

LFST