Tuesday, June 4, 2019

GameStop Halts Dividend As Console Sales Slow

I feel like I should be making some kind of "sell you stock for $69.99 and buy it back for $5" joke here.

GameStop Corp shares plunged 26% on Tuesday after the video games retailer halted its quarterly dividend and reported a 13.3% fall in first-quarter revenue that missed analysts’ estimates on the back of slowing sales of video games and consoles at its stores.