Gamestop's CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday. “We are focused on building shareholder value over the long term,” Cohen said in short opening remarks at the top of the call. Shares for Gamestop were down more than 12% following Monday's meeting.
The videogame retailer’s shares were up on Monday after closing down 1.4% at $28.70 to end last week.
GameStop (GME) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.