GameStop set to report results as shares reach for peak

Published by
Reuters

By Noel Randewich (Reuters) – GameStop is set to report its quarterly results after the bell on Wednesday, with a cult following of individual investors looking for progress in turning around the struggling videogame retailer following its recent share price surge. GameStop’s volatile shares have risen over 80% in the past month, and they are now just 15% below their closing high in January. That was when a massive rally driven by investors on Reddit’s wallstreetbets trading forum made the stock the most traded on the U.S. market for several days. A recent surge in AMC Entertainment Holdings h…

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