What's Going On With GameStop Stock?

GameStop Corp GME shares are trending Tuesday after rising approximately 11% to start the week. Here's a look at what's going on.

What To Know: GameStop shares closed Monday up 11%, adding to gains of more than 25% over the last five trading sessions. The stock has been in the spotlight in recent sessions, largely driven by retail interest.

GameStop shares picked up momentum at the end of November, potentially driven by strong Black Friday and Cyber Monday sales, particularly in the consumer electronics category. Momentum across several retail-driven names has continued over the last week or so.

GameStop has continued to trade higher as traders anticipate earnings on Wednesday. GameStop is scheduled to turn in its quarterly results after the close on Dec. 6. The retailer is expected to report a loss of 8 cents per share and revenue of $1.18 billion, according to estimates from Benzinga Pro.

Last quarter, GameStop beat estimates on both the top and bottom line when it reported a loss of 3 cents per share on revenue of $1.16 billion. 

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GME Price Action: GameStop shares were down 1.06% at $16.80 at the time of writing, according to Benzinga Pro.

Photo: JJBers from Flickr.