U.S. stock market update: Newegg Commerce down 8.66%

U.S. Stock Market Midday Update

Stocks with High Trading Volume in the Industry

GameStop rose 1.81%. Based on recent key news:

1. On September 14, GameStop reported strong free cash flow results for the quarter ending August 2, causing the stock price to rise from $22.94 on September 12 to $24.93. Analysts believe its valuation is undervalued, with a target price exceeding $31.

2. On September 13, market rumors suggested that GameStop holds a large amount of cash and is preparing for the next steps, increasing market expectations for its future strategy.

3. On September 12, although GameStop is currently rated as a sell among analysts, there are better investment options in the market, which may limit further increases in its stock price. The market is full of expectations for GameStop's future strategy.

Best Buy fell 1.61%, with a trading volume of $43.59 million. According to recent key news:

1. On September 12, Best Buy announced the appointment of Meghan Frank as a board member, which is seen as a positive change in corporate governance and may have a short-term impact on the stock price.

2. On September 12, data showed that producer prices fell for the first time in August, with Best Buy's price adjustments in the consumer electronics sector accounting for 45%, which may affect market expectations for its profitability.

3. On September 15, Best Buy launched a series of promotions for the holiday season, which may stimulate sales growth but also faces challenges of high leverage and declining profit margins. The consumer electronics industry is under pressure for price adjustments