Here's Why GameStop Stock Is Plunging
Share price volatility isn't new territory for (NYSE: GME). The beleaguered video game retailer was the center of a short squeeze in 2021 that resulted in swings from sharp gains to losses -- and since then, the company has seen its stock price decline. The reason for the turmoil? GameStop's revenue has suffered as the video game market shifted to digital downloads, a blow to the retailer's business model.
The company has fought back by aggressively cutting costs, and it even recently announced another way to fill the coffers. But these moves haven't necessarily pleased investors enough to significantly -- and steadily -- boost the stock. Let's look at the latest on GameStop and find out what's driven its most recent declines.
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Source Fool.com
Gamestop Corp. Stock
Currently there is a rather negative sentiment for Gamestop Corp. with 1 Buy predictions and 5 Sell predictions..
The target price of 9 € compared with the current price of 19.32 € for the stock indicates a negative potential of -53.42%.
