Game Stop has been hot. As of today’s close, $GME has already gained 63% in 2021.
On Monday, the company announced an agreement with RC Ventures to refresh the company’s board of directors.
GameStop also reported its holiday sales results. Holiday sales rose 4.8% YoY, and e-commerce sales jumped 308%. Full quarter guidance was not provided, but the company expects comparable store sales and profits to rise in 2020’s fiscal Q4.
Today, $GME gained 57.4% on insane volume. 144M shares were traded— more than 8x its 20-day average. 🤯
GameStop couldn’t keep the Microsoft Xbox X and Sony Playstation 5 consoles in their stores due to overwhelming demand and crappy supply demand.