Stock Alert: GameStop Adds 7%

Shares of GameStop Corp. (GME) are up more than 7% Thursday morning, continuing the momentum from the previous couple of days, after it reported 308% jump in e-commerce sales in the holiday quarter.

Comparable sales in the nine-week holiday period ended January 2, 2021 increased 4.8% year-over-year.

Net sales were $1.770 billion, a 3.1% decrease compared to last year.

GameStop, through its family of brands, offers new and pre-owned video gaming consoles, accessories and video game titles, in both physical and digital formats.

GME stock jumped nearly 70% at the current levels of $33.76 from the closing price of $19.95 as on Tuesday.

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