Tech Stocks: GameStop Rebounds From Tuesday Tumble

Now watching

Next video starts in : 7 Play

Tech Stocks: GameStop Rebounds From Tuesday Tumble

Tech Stocks: GameStop Rebounds From Tuesday Tumble
Replay video
Up next

AirAsia Plane Carrying 162 Lost; 3rd Malaysia Airline Shock

Unlock your personal NFL Now stream by signing in to NFL.com

Tech Stocks: GameStop Rebounds From Tuesday Tumble

by Wochit 0:43 mins

Tech Stocks: GameStop Rebounds From Tuesday Tumble

by Wochit 0:43 mins

Shares of GameStop have rebounded slightly in Wednesday trading, one day after a massive plunge off its holiday sales report. GameStop stock plunged nearly 20% Tuesday following its holiday sales report that showed a decline in new video game software. However, sales of new video game hardware doubled compared to 2012, thanks to the arrivals of the PlayStation 4 and Xbox One in November. Nevertheless, the strong start for next-generation consoles will benefit GameStop in the long term, says Sterne Agee analyst Arvind Bhatia.

Wochit

Must Watch

  1. 2:45

    Accuracy in Vampire Movies from the Experts

  2. In Honor of Nimoy, 'Spock' Your Fives!

  3. 1:27

    David Beckham's Hair Do's and Hair Don'ts

  4. 4:02

    Hozier - Hozier Premieres Video for Someone New

  5. 1:43

    ScienceTake | Hawk Cam Captures the Hunt

Community

Yahoo Studios