Can GameStop Turn Things Around?
GameStop (NYSE: GME) gained a lot of notoriety in 2021 for its part in the meme stock frenzy that occurred in the first half of that year. But that overheated retail investor interest eventually waned and the stock price is now down about 73% from highs reached in January 2021. Beyond trading activity, the company has struggled to adjust to changing consumer behavior, and losses are mounting on the bottom line.
When GameStop reports Q4 earnings on Thursday, March 17, investors will want to hear from management that its business has been put on a more sustainable footing.
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Source Fool.com