GameStop: Earnings Won't Save It, Dilution Points to Trouble
GameStop(GME) MarketBeat·2024-09-11 22:35
GameStop NYSE: GME posted another smoke-and-mirrors quarter, resulting in a normal market response: a fall. The results reveal a company trying hard to turn itself around but failing miserably and eating itself to death at shareholder expense—insufficient news to spark another meme-quality rally. Because the company has filed to sell another 20 million shares, investors should fear the worst: a move below critical support in the $20 range and a move back to $10, where this stock belongs. Get GameStop alerts ...