Mar 23, 2021
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GameStop Stock Is Still High, But Seemingly Not Because Of The Company’s Performance

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Following the Reddit-influenced Wall Street battle over GameStop’s share value earlier this year, GameStop stock currently stands nearly 10 times higher than where it started in 2021. That may seem like an indication that the company is in a good place after a rough 2020, but, it remains clear the stock price is not directly driven by the company’s current performance, as evidenced by GameStop’s fourth quarter and fiscal 2020 results.

Net sales during the fourth quarter were $2.122 billion. That’s a slight decline from the same period during the prior year, when net sales were $2.194 billion, and a miss compared to . For the full year, net sales were $5.090 billion, compared with $6.466 billion…


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