GameStop Stock News

GameStop's stock has surged 10% this week, propelled by strong quarterly results that exceeded expectations. The company's performance was driven by a significant increase in demand for both hardware and collectibles.

While GameStop (GME 0.48%) once looked destined to go the way of the dodo bird, CEO Ryan Cohen's efforts have led to a turnaround at the company. This was once again on display when the company reported its fiscal second-quarter results.

GameStop NYSE: GME is proving the naysayers wrong and returning to growth, but investors and traders should not expect this stock to spike like it has in the past. The company is on track to issue a significant number of warrants that put a cap on the market, and that is only one reason to be wary.

GameStop (GME 3.50%), the poster boy for meme stocks, rose on its own merit in Wednesday's trading session. The video game retailer reported its second-quarter results after market close the previous day, following this up with a rather atypical dividend declaration.

The S&P 500 and Nasdaq climbed to record highs Wednesday following a report showing wholesale inflation surprisingly fell in August. The Dow slid, however, led by a drop in shares of Apple (AAPL), after the tech giant launched its iPhone 17 models yesterday.

GameStop (GME) shares rose after the video game retailer posted better-than-expected results and announced it now held more than half a billion dollars worth of bitcoin.

The shares of GameStop Corp (NYSE:GME) are up 5.9% to trade at $24.96 at last check, after  the retailer  announced a top- and bottom-line beat for the second quarter, marking its fifth-straight quarterly win.

GameStop shares rose 5% on Wednesday after the company posted results that exceeded Wall Street expectations for the second quarter. The video game retailer reported earnings of 25 cents per share, well above analysts' consensus estimate of 16 cents.