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GameStop (GME) shares are sliding further as this past week's reinvigorated meme stock trade begins to wane and the retailer files to sell 45 million shares of its additional stock.

Wedbush Equity Research Managing Director Michael Pachter comes on Catalysts to talk about GameStop's future — expecting further declines in the stock despite any messaging from X (formerly Twitter) user Roaring Kitty — and what Microsoft's (MSFT) Game Pass service could mean for the video game retailer.

"The big news today, which is a Wall Street Journal exclusive speculation that Call of Duty will be on Game Pass," Pachter tells Yahoo Finance. "I can confidently tell you that anybody who's a Game Pass subscriber would be an idiot to buy Call of Duty. they won't. So Call of Duty sales will be lower this year, it wasn't on Game Pass last year."

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Luke Carberry Mogan.