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2021-03-17

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However, the company has yet to show financial success in an industry that is rapidly shifting to digital.\"</p><p>Speaking of GameStop's earnings day, the conference call on March 23 at 5:00 p.m. is a must listen for GME longs and shorts.</p><p>Inquiring minds want to know if GameStop is either considering floating new shares to take advantage of hot retail-level demand or buying back shares asBank of America suggested.</p><p>Though GameStop, the poster-WSB/Reddit stock, fell for a second day on Tuesday, leaving it on pace for its worst two days in more than a month.</p><p>This is all happening ahead of the latest Congressional hearing on retail investing and short selling. The House Financial Services Committee will continue its investigation into the short squeeze of meme stocks that occurred in late January, convening seven expert witnesses to weigh in with proposals to reform U.S. market structure. That could help the system avoid a repeat of the events, when Robinhood (RBNHD) and other retail brokers restricted purchases of popular stocks to manage a surge in clearinghouse demands for collateral.</p><p><img src=\"https://static.tigerbbs.com/73faab6d55b37015a43acecf2920df83\" tg-width=\"685\" tg-height=\"479\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128306547","content_text":"(March 17) GameStop stock rose more than 10%.Ahead of next week's earnings report, Telsey reiterates its Underperform rating on GameStop on its view that the company has not yet shown financial success.\"Looking ahead, GameStop should benefit from: 1) the new gaming cycle, with current demand outpacing supply for new generation Microsoft and Sony consoles; 2) its agreement with RC Ventures and the board refresh; and 3) its healthy balance sheet, with a net cash position of $101MM at the end of 3Q20. 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