Is GameStop Corp (GME) significantly undervalued? An in-depth exploration of its intrinsic value, financial strength and growth prospect
A rough run for shares of videogame retailer GameStop has the stock flirting with its lowest levels of the year. GameStop was recently down more than 5% to below $16, setting the shares on course for their lowest close of 2023—and the lowest since February 2021, according to Dow Jones Market Data.
(Bloomberg) -- Billionaire Ryan Cohen’s appointment to lead GameStop Corp. drew cheers across the social-media platforms that made him a meme-stock icon. But investors may want to hold the applause based on his spotty record of making money for them.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineAging Trees Show a Crisis Looms for the World’s Everyth