GameStop stock price: GME shares spike nearly 10% after FTX crypto partnership announced
Meme stock icon GameStop has announced its second-quarter 2022 results—and things aren’t looking great. As CNBC notes, the company’s Q2 saw sales decline to $1.14 billion and losses growing to $108.7 million. Those losses are up from $61.6 million in the same quarter a year earlier.
Despite this, GameStop stock (ticker: GME) is up nearly 10% in pre-market trading. So what gives? Here’s what you need to know: