Biggest stock movers today: GME, DJT, and more

Stock futures edged lower Wednesday morning as investors reacted to the presidential debate between Republican nominee Donald Trump and Vice President Kamala Harris, while eagerly awaiting the release of August consumer inflation data due later in the day.

Here are some of Wednesday’s biggest stock movers:

Biggest stock gainers

• The stock price of Dave & Buster’s Entertainment (NASDAQ:PLAY) rose by over 12% following the release of its mixed Q2 results. While the company missed revenue estimates, it exceeded profit expectations. Despite a larger-than-expected 6.3% drop in comparable sales, the company was able to effectively manage costs, resulting in an 8.1% increase in adjusted EBITDA.

Biggest stock losers

• GameStop (NYSE:GME) shares plummeted 12% after a mixed Q2 earnings report. Although the company exceeded expectations on the bottom line, it missed on the top line, with sales falling by 32%. Software sales dropped to 26.0% of the total revenue mix, down from 34.1% last year. Additionally, selling, general, and administrative expenses rose to 33.7% of sales, compared to 27.8% a year ago.
• Trump Media & Technology (NASDAQ:DJT) shares declined by as much as 11% after the U.S. presidential debate between Democratic nominee Kamala Harris and Republican Donald Trump. According to a CNN instant poll conducted by SSRS, 63% of viewers felt Harris won the debate, while 37% believed Trump was the winner.