It’s all quiet on the GameStop front: Is there another twist in the story?

GameStop Corp. (NYSE:GME) has only peeled off 1.4% amid the stock market turmoil over the last week. The stock is still showing a 21% year-to-date gain, but is down more than 50% from its highest level of the year.

The meme stock has lost some of its buzz. Trading volume over the last month has been far below the average for the year and short traders have lost some interest, with short interest only standing at 9.5% of the total float. Notably, it has been eight weeks since GameStop (GME) has issued a corporate press release of any nature. Meanwhile, Roaring Kitty has not posted on social media sites X since late June.

There has also been very little information from GameStop (GME) management on its plans for the billions in cash it held at the time of its last earnings report. During the company’s annual meeting in June, management mostly just ran through the normal course of business, including the submission of shareholder proposals. CEO Ryan Cohen said he is focused on building shareholder value for the long term and was not there to “hype things up.” Cohen said cutting costs and increasing profitability were the immediate goals.

The latest news with GameStop (GME) was the decision this week to terminate the Game Informer magazine, which was the longest-running gaming magazine in the U.S. Some gamers have called that development the end of an era.

Wall Street analysts have largely given up on covering GameStop (GME) ever since the meme frenzy in 2021. However, on Seeking Alpha, there are still bullish and bearish analysts hashing it out.