GameStop (GME) shares are sliding further as this past week's reinvigorated meme stock trade begins to wane and the retailer files to sell 45 million shares ...
Wedbush Equity Research Managing Director Michael Pachter comes on Catalysts to talk about GameStop's future — expecting further declines in the stock despite anywill be on Game Pass ," Pachter tells Yahoo Finance."I can confidently tell you that anybody who's a Game Pass subscriber would be an idiot to buyAnother side that we're watching today is Game Stock.
I feel sorry for the fools who buy the stock at 21 because it's worth single digits and I'll have a note out shortly.But still Michael, I mean, we saw roaring kitty getting back on X and then not causing a little bit of this rally. Um If you want to buy a stock based on that, God bless you, but he has not actually said go buy games stock, right?The next several months, several quarters look like here then for gamestop, they're gonna see continued declines.You know, we don't have anything incremental this year.Sony's looking to sell 18 million consoles.Um the, the, the big news today, which is a Wall Street Journal exclusive speculation that call it duty will be on game pass.
Michael Pachter Equity Research Game Pass Twitter
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