GameStop (NYSE:GME) snapped after six straight sessions of losses, as the company’s shares closed 0.07% higher at $20.52 on Tuesday.
In the preceding six sessions, the company lost over 4.65%, compared to a 0.84% drop in the S&P 500 Index. Similarly, shares of the company have gone down by over 35% compared to a gain of 13.44% in the broader S&P 500 Index in 2025.
Shares of GME were up in premarket trading on Monday, October 27th, after the White House reposted on its official X account the video game retailer’s statement about the popular Xbox (MSFT) title Halo coming to Sony’s (SONY) PlayStation platform for the first time.
The stock was up as much as 7.7% in a meme-fueled rally before paring gains and hovering just under 5% before the bell.
Seeking Alpha analyst Bay Area Ideas rated it a Buy, stating that fundamentals show a clear turnaround, with top-line growth and improved operating efficiency.
He also added that GME posted a 21.78% YoY net sales increase and a significant operating income swing, beating analyst expectations and signaling robust demand.
Despite mixed technicals and ongoing meme stock volatility, GME’s low valuation and improving outlook suggest room for multiple expansion and upside.
Similarly, Seeking Alpha analysts appeared rather bullish by rating it a Buy with a score of 3.66 out of 5.