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Why GameStop Stock Fell Today

TheMotleyFool

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Shareholders of GameStop (NYSE: GME) lost ground to the market on Thursday as the stock fell 3% by 11 a.m. ET compared to a 0.4% drop in the wider S&P 500. The decline added to significant short-term losses for investors. GameStop's shares are down over 20% so far this year compared to an 8% drop for the market.

Thursday's decline came after a rival retailer announced its own holiday season results.

Best Buy (NYSE: BBY) said in a morning press release today that fourth-quarter sales trends were slightly worse than management had predicted in late November.

Source Fool.com

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