The rally in GameStop shares ($GME) continues! 🚀 In the last trading week, the share price rose by over nine percent, despite the turbulent times for the video game retailer. The current share price is around USD 27.09.
A major topic is the planned sale of the stores in France and Canada. GameStop wants to streamline its international activities and focus on the essentials. That sounds like a clear plan, doesn't it? 🤔 But what do you think - is this the right path for GameStop?
The company also delivered positive surprises in the last quarter. Instead of reporting a loss, it was in the black, even though revenue was down. With a cash balance of 4.6 billion dollars, GameStop has a certain amount of leeway.
What do you think of this development? Can GameStop keep up the momentum or is this just a flash in the pan? 📈