Meme Stocks: (GME) GameStop Stock News: Reported Wider Than Expected Losses | Rebecca Duthie
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Summary:
- GameStop stocks rose, fell and then settled
GameStop reported a net loss
On Wednesday GameStop reported a wider-than-expected net loss for the first quarter, and declined to provide an outlook for the market. In the wake of the news, the stock rose, fell and settled at a level close to unchanged.
GameStop reported a $158 million loss, or $2.08 per share loss. The speciality retailer is one of the most recognised names amongst the meme stocks. GameStops claims they are keeping their inventory levels high amidst increasing customer demand and supply chain worries.
GameStop Price Chart
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Sources: finance.yahoo.com, marketwatch.com
