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Mangeet Kaur Bouns

GME Stock: Is It Time to Buy or Sell?

GME Mangeet Kaur BounsMangeet GameStop Corp US Federal Reserve

Video game and electronics retailer GameStop Corp. (GME) continues to grapple with declining revenue, massive losses, plunging market share, and increasing cash burn. The stock, which witnessed skyrocketing rallies in the past driven by retail investors’ interest, is expected to keep losing in price this year.

Shares of GME have slumped 38.7% over the past six months and 28.4% over the past year to close the last trading session at $16.87. The stock is currently trading below its 50-day and 200-day moving averages of $19.64 and $26.62, respectively, indicating a downtrend.

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