What's Going On With GameStop (GME) Shares
Portfolio Pulse from Henry Khederian
GameStop (GME) shares are trading higher by 3.08% to $22.10 after reporting worse-than-expected Q1 results and appointing Ryan Cohen as executive chairman. Q1 net sales were $1.237 billion, down from $1.378 billion last year, and below the estimated $1.36 billion.
June 09, 2023 | 2:12 pm
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GameStop shares are up 3.08% despite reporting worse-than-expected Q1 results and appointing Ryan Cohen as executive chairman.
GameStop shares are trading higher despite reporting worse-than-expected Q1 results, likely due to the appointment of Ryan Cohen as executive chairman. This change in leadership could signal a positive shift in the company's direction, leading to increased investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100