Why GameStop Is Giving Up Yesterday's Gains Today
Shares of GameStop (NYSE: GME) were down 1.5% at 10:52 a.m. Wednesday ahead of the video game retailer's third-quarter earnings report, which is expected after the stock market closes today. This follows a mini rally yesterday that saw GameStop's stock rise 6% on no company-specific news, though shares had been up by as much as 9% earlier in the day. GameStop is undergoing a transition to better confront the digital and online future of the gaming industry, but exactly how it will achieve that has been a bit of a mystery for investors.
