3 Great Reasons to Sell GameStop Stock
GameStop (NYSE: GME) shareholders can't seem to catch a break. The specialty retailer announced solid second-quarter earnings results last month but the stock still took a beating.
GameStop's operating metrics don't yet show the type of collapsing sales and earnings trends that Wall Street appears to be predicting for this business. Still, there are good reasons to consider selling this stock.
GameStop executives were caught by surprise with the intensity of the pullback in their core video game segment last year. Halfway through the year, CEO Paul Raines and his team were projecting comparable-store sales declines of between 4.5% and 1.5%. Instead, comps ended up contracting by a brutal 11%.
Source: Fool.com
Gamestop Corp. Stock
€21.19
9.690%
Our community is currently low on Gamestop Corp. with 3 Buy predictions and 11 Sell predictions.
A target price of 5 € results in a potential of -76.4% which would mean heavy losses compared to the current price of 21.19 € for Gamestop Corp..
