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Actionable news in GME: GAMESTOP Corp CLASS A,

GameStop Is Having a Scary Friday the 13th

GameStop (GME) stock was dropping as much as 9% to $22.60 in late afternoon trading after reporting sharp holiday declines in total and same-store sales.

"During the holiday period, sales in the video game segment were impacted by industry weakness, promotional pricing pressure and lower in-store traffic, amidst a difficult holiday season for many retailers," CEO Paul Raines said in a statement.

Total sales were down 16.4% year-over-year to $2.5 billion, while same-stores sales...