What's Going On With GameStop Shares
Portfolio Pulse from Henry Khederian
GameStop Corp (NYSE:GME) shares are trading lower by 2.86% to $26.18, possibly due to profit-taking after Tuesday's gains. The stock had gained in sympathy with the broader market following a softer-than-expected CPI report, which showed slowing inflation in May.
June 14, 2023 | 1:52 pm
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GameStop shares are trading lower by 2.86% to $26.18, possibly due to profit-taking after Tuesday's gains, which were driven by a softer-than-expected CPI report.
The stock is falling, possibly due to profit-taking, following Tuesday gains. GameStop on Tuesday gained in sympathy with the broader market following a softer-than-expected CPI report, which showed slowing inflation in May. Lower inflationary pressures can contribute to increased purchasing power for consumers, potentially leading to higher sales and revenue for GameStop.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100