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Why GameStop Stock Fell Today

TheMotleyFool

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Why GameStop Stock Fell TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

Shares of GameStop (NYSE: GME) declined by 11% on Friday, as the video game retailer gave back a good chunk of its recent gains.

GameStop soared a staggering 44% on Thursday after it announced a "strategic partnership" with tech giant Microsoft (NASDAQ: MSFT). Its retail stores will use Microsoft's cloud-based Dynamics 365 business applications for their in-store and back-end operations. GameStop's sales associates will also use Microsoft Surface devices to better serve customers, as well as Microsoft Teams to more easily collaborate.

GameStop's shares reversed course on Friday. Image source: Getty Images.

Source Fool.com

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