GameStop Shares Plunge Over 14% After Revenue Decline
GMEGameStop(GME) Forbes·2024-09-12 03:08

ToplineThe value of GameStop’s stock continued to decline on Wednesday after the video game retailer—often the focus of meme stock trading since a viral 2021 rally—reported a decline in sales, dropping the company’s market capitalization by 2billion.Thevideogameretailersaiditwouldsell20millionsharestofundfutureinvestmentsand...[+]acquisitions.GettyImagesKeyFactsSharesforGameStopfellbyover142 billion.The video game retailer said it would sell 20 million shares to fund future investments and ... [+] acquisitions.Getty Images Key FactsShares for GameStop fell by over 14% to below 20 as of 2:40 p.m. EDT, adding to a 3.3% loss on Tuesday. As of Wednesday’s s ...