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Did GameStop Stock Finally Just Hit a Bottom?

TheMotleyFool

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Did GameStop Stock Finally Just Hit a Bottom?Photo, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png

GameStop's (NYSE: GME) outlook is finally improving. The video game retailer has been shrinking for years thanks to the combination of a poor selling environment and several strategic blunders. COVID-19 retailing shutdowns amplified this slump in early 2020, and so did the switchover to a new generation of video game console hardware.

Its latest earnings report, released Dec. 8, points to an end to that brutal operating period. But the chain still has a long way to go before investors can be confident about its growth strategy.

Let's take a closer look.

Source Fool.com

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