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GameStop is set to report its quarterly results after the bell on Wednesday, with a cult following of individual investors looking for progress in turning around the struggling videogame retailer following its recent share price surge. GameStop s volatile shares have risen over 80% in the past month, and they are now just 15% below their closing high in January. That was when a massive rally driven by investors on Reddit s wallstreetbets trading forum made the stock the most traded on the U.S. market for several days. A recent surge in AMC Entertainment Holdings has attracted increasing amounts of attention from individual investors and commenters on wallstreetbets, but GameStop remains one of the most discussed stocks on the forum.
GameStop set to report results as shares reach for peak
By Noel Randewich
Reuters
(Reuters) - GameStop is set to report its quarterly results after the bell on Wednesday, with a cult following of individual investors looking for progress in turning around the struggling videogame retailer following its recent share price surge.
GameStop s volatile shares have risen over 80% in the past month, and they are now just 15% below their closing high in January. That was when a massive rally driven by investors on Reddit s wallstreetbets trading forum made the stock the most traded on the U.S. market for several days.
GameStop gains as traders await quarterly report
By Noel Randewich and Svea Herbst-Bayliss
Reuters
(Reuters) -GameStop s stock climbed 3% on Wednesday ahead of its quarterly results after the close, with a cult following of individual investors looking for progress in turning around the struggling videogame retailer following this year s rally in its share price.
At a brief annual shareholders meeting ahead of the report, GameStop top shareholder Ryan Cohen, the billionaire co-founder of online pet supplies retailer Chewy, was elected chairman. GameStop announced his nomination in April. As my dad would say, buckle up,” Cohen told shareholders.
GameStop s volatile shares have nearly doubled in the past month, and they are now just 11% below their closing high in January. That was when a massive surge driven by investors on Reddit s wallstreetbets trading forum made the stock the most traded on the U.S. market for several days.