​ GameStop soared 22% on news on the creation of a NFT divisi | Investor's sight: Stocks, Crypto, NFT

​ GameStop soared 22% on news on the creation of a NFT division
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Shares of a "dying" video game retailer GameStop in 2021 showed an increase in 3000%, but the company's sales continued decline steadily. Now GameStop enters a new market for NFT products with great growth potential.

Shares of the American retailer GameStop after the end of the main trading soared by 22.68% to $160.75 per security.

However, this did not save GameStop from a weak quarterly report. Net loss of the company for the third quarter of 2021 grew to $105.4 million, or $1.39 per share, compared to a loss of $18.8 million, or $0.29 per share for the third quarter of 2020.

Revenue for the quarter was $1.297 billion and increased by 29.05% year on year. By according to the retailer, revenue growth was associated with the recent partnership with Samsung, LG, Razer and Vizio.