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3 Reasons to Sell GameStop in 2022

TheMotleyFool

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Traders who were fortunate enough to get in the meme stock mania early could have made astronomical returns on GameStop (NYSE: GME) stock. The price has more than halved from January, but GameStop stock is still up over 700% on the year in 2021.

Note, however, that the rise was not due to an improving business. On the contrary, losses continue to mount for the game retailer. GameStop has poor business prospects and has yet to prove it can return to profitability. Here are three reasons investors should steer clear of GameStop stock.

Image source: Getty Images.

Source Fool.com

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