Meet GameStop Stock's Quarterly Kryptonite
GameStop (NYSE: GME) has met its Kryptonite, and apparently it comes in the form of an earnings report. "Will GameStop stock finally break the curse of earnings season?" I asked last week, as the stock had fallen the day after posting quarterly results in 10 of the past 11 financial updates.
We still have a trading day to get through to reach the finish line on this grim run, but the stock was already moving 9% lower in after-hours action on Wednesday night, four hours after the earnings release. Yes, GameStop continues to be one of the market's biggest winners over the past three years. It's just stunning that the shares have pulled back after what is shaping up to be 11 of the past 12 quarterly performance announcements.
Image source: Getty Images.
Source Fool.com
