TECH - What's Going On With GameStop Stock On Wednesday? | Benzinga
GameStop Corp (NYSE:GME) is experiencing a challenging period in its core business of selling video games and related merchandise.
However, its strategy of earning interest on large cash reserves has provided some financial relief, transforming it into something resembling a bank rather than a traditional retailer.
After a dramatic rise in its stock value in early 2021, GameStop’s shares have since dropped to $23 each, giving the company a market capitalization of around $8 billion, Reuters reports.
Despite this decline, the company’s enterprise value is more than double that of Best Buy ...