GameStop tumbles after big retail reports disappointing earnings.
$GameStop (GME.US)$ was on the decline on Wednesday’s session, as weaker than expected earnings from major retail companies sent the markets into a downward spiral. Shares of GME sank by 8.87% and closed the trading day at $91.48.
GameStop drops lower as WalMart and Target crash the retail sector.Those weak numbers from WalMart and Target sent shockwaves through the retail industry, sending other stocks like $Costco (COST.US)$ and $Home Depot (HD.US)$ lower as well.
GameStop’s meme stock running mate $AMC Entertainment (AMC.US)$ announced a significant investment earlier this week.
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Jay-Jay : clown
71403390 : Get fukt
Expendabiggles : Hey guys, the market is all red and crumbling so business that are doing well should lose value to because “reasons”.
Level of “give a damn” = meh…
JulianMackie OP Jay-Jay :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
JulianMackie OP 71403390 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
JulianMackie OP Expendabiggles : I don't seem to understand what you mean.
Expendabiggles JulianMackie OP : Means this red ocean stock market sell off is manufactured. One company selling off because its doing poorly should not mean another company is selling off when its revenue is up 700%. Its red because institutions with trillions to sway the market are making it red which is so fucking wrong morally and mathematically, I cant even fit it into my logical brain other than its pure criminal fraud going on.
JulianMackie OP Expendabiggles :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")