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The Associated Press ap photo Pedestrians pass a GameStop store on 14th Street at Union Square Thursday in the Manhattan borough of New York. NEW YORK — Behind GameStop’s stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and small investors trying to prop it up. That has caused GameStop’s share price to soar despite the shaky financials underneath. Flailing companies like AMC Entertainment and American Airlines have l...

Feb 4, 2021 FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. Behind GameStop’s stock surge is the grim reality that the video game retailer is floundering even as the industry around it is booming. Many investors fully understand the contradiction between GameStop’s stock price and its business fundamentals. But for those who imagine it to be the next Tesla or Amazon, the truth is: It’s likely not. (AP Photo/John Minchillo, File) NEW YORK (AP) — Behind GameStop’s stock surge is the grim real...

Sources tell FOX Business' Charlie Gasparino that hedge funds are worried that Congress may force laws restricting trading practices, including short selling. Behind GameStop's stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and small investors trying to prop it up. That has caused GameStop's share price to soar despite the shaky financials underneath. Flailing companies like AMC Entertainment and American Airlines have ...

NEW YORK (AP) — Behind GameStop's stock surge is the grim reality of its prospects: The...

Analysts polled by FactSet have a “sell” rating on the stock and a price target of $13.44 per share. Some analysts believe a reasonable valuation could settle in around $20 to $30 per share at best. While GameStop's new board member Ryan Cohen, the founder of online pet store Chewy, has raised hopes of a turnaround, it's still going to be an uphill battle. “It's fascinating to watch. But ultimately you can't escape gravity," said Scott Rostan, CEO of Training The Street, which teaches financial modeling and valuation to college students and MBAs. "Ultimately, the reality is going to set...