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3 Great Reasons to Sell GameStop Stock

TheMotleyFool

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3 Great Reasons to Sell GameStop StockPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png

GameStop (NYSE: GME) shareholders can't seem to catch a break. The specialty retailer announced solid second-quarter earnings results last month but the stock still took a beating.

GameStop's operating metrics don't yet show the type of collapsing sales and earnings trends that Wall Street appears to be predicting for this business. Still, there are good reasons to consider selling this stock.

GameStop executives were caught by surprise with the intensity of the pullback in their core video game segment last year. Halfway through the year, CEO Paul Raines and his team were projecting comparable-store sales declines of between 4.5% and 1.5%. Instead, comps ended up contracting by a brutal 11%.

Source: Fool.com