These 10 Firms Were Last Week’s Worst Performers

5. GameStop Corp. (NYSE:GME)

Shares of GameStop Corp. (NYSE:GME) fell by 14.8 percent on Friday to close at $27.51 versus the $32.31 week-on-week amid reports that it was closing stores in the US, often with little to no warning. According to reports, the closure announcements were reported by employees on their social media platforms.

Since 2020 alone, GameStop (NYSE:GME) has been shutting down more than 700 stores as the COVID-19 pandemic heavily weighed on its profits. This was further aggravated by the continued rise in the digital age particularly online sales, and video game makers resorting to digital-only access to games.

This year alone, GameStop (NYSE:GME) reportedly will close dozens of stores across Texas, and it is uncertain whether other states will see similar store closures.

GameStop (NYSE:GME) is a retailer that sells video games, consumer electronics, and collectibles, with stores across the US, Canada, Australia, New Zealand, and Europe.