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What’s Going On With GameStop (GME) Shares

GameStop Corp (NYSE: GME) shares are trading higher by 6.29% to $24.10 going into the close of Monday's session.
byHenry Khederian
June 12, 2023
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GameStop Corp (NYSE:GME) shares are trading higher by 6.29% to $24.10 going into the close of Monday’s session. The stock is trading higher on upward momentum following the company’s first-quarter results announced last week and the appointment of 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.

 
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