GameStop, Trump Media Slip Premarket, Dave & Buster's Rises
Market Movers
GameStop (GME) shares fell in premarket trading, extending their recent decline. The stock has been under pressure since the end of January, when it failed to sustain a short squeeze that had pushed it to a record high. GameStop is now trading at around $100, well below its peak of $483.
Trump Media & Technology Group (TMTG), the parent company of Truth Social, also declined in premarket trading. The stock has been volatile since its debut on the Nasdaq in December, and it is now trading at around $20, below its IPO price of $29. Trump Media & Technology Group is facing competition from other social media platforms, and it is unclear if it will be able to attract a large enough audience to be successful.
Dave & Buster's Entertainment (PLAY) shares rose in premarket trading. The stock has been rising since the company reported strong earnings in February. Dave & Buster's is benefiting from the reopening of the economy and the easing of COVID-19 restrictions.
What's Next?
It is unclear what will happen to GameStop, Trump Media & Technology Group, and Dave & Buster's Entertainment in the coming months. GameStop is facing challenges from a number of competitors, including Amazon and Walmart. Trump Media & Technology Group is facing competition from other social media platforms, and it is unclear if it will be able to attract a large enough audience to be successful. Dave & Buster's is benefiting from the reopening of the economy, but it is unclear if the company will be able to sustain its growth in the long term.
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