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StockNews.com
StockNews.com
Business
Pragya Pandey

Should Investors Buy This Specialty Retail Stock as It Looks to Cut Staff?

GME GameStop Corp

GameStop Corp. (GME) is a gaming and entertainment products retailer with a network of stores and e-commerce sites. The firm provides new and used gaming consoles, peripherals, new and used gaming software, and in-game digital money.

Its shares are down 31.9% over the past year and 12.4% year-to-date to close yesterday’s trading session at $130.09. In addition, it is currently trading 49.1% below its 52-week high of 255.69, which it hit on November 03, 2021.

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