Gamestop Stock News

DoJ Targets Hedge Funds With Investigation Into Short Selling As far as we can tell, cracking down on short sellers has typically been associated with authoritarian governments (like in China, which has arrested market selloffs by throwing shorts in to a "reeducation camp") as well as those trying to cover up their own aggressive malfeasance (like when German regulators chose to investigate and pursue short sellers and journalists instead of Wirecard, a former fintech darling that was eventually exposed as a massive fraud ). But now, the practice is coming to the US. Just as hedge funds are dumping shares to retail while corporate insiders sell shares back to their own companies, the DoJ is reportedly launching a broad-based probe into hedge-fund short selling, with prosecutors with the DoJ''s fraud group based in LA leading the charge into firms that collaborate with researchers to pull off "short and distort" plays that can quickly earn tens of millions of dollars in "alpha" for their LPs.

GameStop (NYSE:GME) had its target price reduced by Wedbush from $50.00 to $45.00 in a report issued on Thursday, The Fly reports. Wedbush currently has an underperform rating on the stock. Separately, Ascendiant Capital Markets reissued a sell rating on shares of GameStop in a research note on Monday, September 27th. Four research analysts have […]

This article was originally published on TipRanks.com GameStop (GME) is a global videogame retailer with headquarters in Texas. The post GameStop Adds New Risk Factor Related to NFT Initiative appeared first on Smarter Analyst .

https://www.investing.com/analysis/despite-800-rally-gamestop-keeps-investors-guessing-200611067

GameStop (NYSE:GME) released its earnings results on Tuesday. The company reported ($1.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.87), RTT News reports. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.19 billion. GameStop had a negative net margin of 1.19% []

GameStop raised its cash burn significantly during Q3. GME stock will fall by at least 10% to 20% based on its losses and cash burn.

GameStop''s ''management failed to provide clarity around a long-awaited digital transformation plan,'' Wedbush says.

Yahoo Finance published this video item, entitled GameStop Read more

GME is reeling after a wider-than-expected quarterly loss

Jim''s thoughts on Ford, Lucid, Rent the Runway and more.

This article was originally published on TipRanks.com GameStop Corp. The post GameStop Posts Wider-than-Feared Q3 Loss; Shares Drop After-Hours appeared first on Smarter Analyst .