Why GameStop Stock Topped the Market Today

GameStop (NYSE: GME), the poster boy for meme stocks, rose on its own merit in Wednesday's trading session. The video game retailer reported its second-quarter results after market close the previous day, following this up with a rather atypical dividend declaration. Digesting both pieces of news, investors gave the company the thumbs-up by pushing its stock more than 3% higher on Hump Day. That compared quite favorably to the S&P 500 index's 0.3% rise.The quarter's net sales amounted to just over $972 million for GameStop, which was a major (22%) improvement over the same period of the previous year. Speaking of improvements, the company's generally accepted accounting principles (GAAP) net income saw quite the impressive gain, landing at over $138 million ($0.25 per share) from barely over $5 billion in the year-ago frame. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool