Sumary of Were You Really Surprised by GameStop’s 27% Drop on Thursday?:
- It poached the world’s most successful online retailer for its new CEO and CFO, but selling was the new buying for investors..
- The video game retailer did announce that it would be selling more stock, and ramping up the float is one surefire way to nip bullish momentum..
- In 10 of the last 11 times the specialty retailer posted quarterly results, the stock has fallen the next trading day..
- Here’s a list of the dates that GameStop has delivered its quarterly financial update, followed by what the stock did the next time it traded….