GameStop Reports Earnings Tuesday. The Numbers Aren’t Always the Big Story. | Global News Avenue

GameStop’s next quarterly results are due next week. But as is often the case with retailers, the numbers it reports aren’t necessarily major events.

GameStop (Society of General Mechanical Engineers) The stock market was relatively calm on Friday. The stock closed higher, but on much lower volume than the previous day, when meme stock expert Keith “Roaring Kitty” Gill posted a cryptic tweet that apparently inspired some investors to buy.

traders Inventory sent Thursday’s intraday trading volume surged 14%, recalling some of Gill’s frantic social media trading activity earlier this year.

Perhaps investors are once again turning to expected financial results on Tuesday afternoon. Meanwhile, some meme stock watchers appear to have diverted their attention Instead of AMC Entertainment (aviation medical center), its stock price closed down about 9% that day. )

GameStop, a video game and collectibles retailer that faces an uphill battle in the industry-wide shift to digital commerce, is not widely watched by Wall Street. Wedbush’s Michael Pachter, the only analyst tracked by Visible Alpha, reiterated an “underperform” rating and $10 price target in a note Friday, arguing the business is worth little after cash.

“The company’s plans to return to growth face formidable obstacles,” he wrote.

Today, investors generally still see things differently. The stock closed near $29 on Friday and is up more than 60% this year, albeit higher than its 2024 highs. Since its second-quarter earnings report in September, GameStop has added a board member, announced a trading card partnership and raised cash, with occasional business updates helping to sustain interest and stock prices rising in the period.

However, a flurry of action over the past week is yet another reminder that much of the action surrounding GameStop stock is driven by external factors.