GameStop is still selling, analysts say, after earnings call

The GameStop store signage will be seen on January 27, 2021 in New York City.

Michael M. Santiago | Getty Images News | Getty Images

Analysts expressed frustration on Wednesday morning, after GameStop executives refused to answer questions about one of the most volatile businesses so far this year.

Often a clean and dry group, Wall Street analysts were unable to express their frustration with GameStop CEO George Sherman and the video game retailer’s decision to avoid a question and answer session on Tuesday with analysts. of the sector that usually occurs at the end of a profit call.

“While everyone expected great news about some massive digital transformation along the lines of new technology-oriented board members, nothing was said,” wrote Joseph Feldman of the Telsey Advisory Group.

The stock fell more than 13% in pre-market trading on Wednesday morning.

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