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GameStop Announces Release Date for Second Quarter Fiscal 2024 Results
GlobeNewswire News Room· 2024-08-27 21:37
GRAPEVINE, Texas, Aug. 27, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it will report second quarter fiscal 2024 results after the market closes on Tuesday, September 10, 2024. Contacts GameStop Corp. Investor Relations(817) 424-2001ir@gamestop.com ...
GameStop Corp. (GME) Is a Trending Stock: Facts to Know Before Betting on It
ZACKS· 2024-08-26 14:05
GameStop (GME) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this video game retailer have returned -8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The Zacks Gaming industry, to which GameStop belongs, has lost 1% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports ...
Why Shorting GameStop Remains a High-Risk Bet
Gurufocus· 2024-08-23 13:01
GameStop Corp. (GME, Financial), once emblematic of the retail sector's struggles, has executed a turnaround that defies conventional expectations. Guided by an unorthodox CEO and largest shareholder, the company now boasts a balance sheet fortified with cash and minimal debt. This remarkable shift has been driven by what could be one of the most significant fundraising efforts in stock market history. In this analysis, I will delve into GameStop's transition from pandemic-induced turmoil to a robust financ ...
GameStop (GME) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2024-08-19 22:50
GameStop (GME) closed at $22.66 in the latest trading session, marking a +1.16% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 1.39%.The video game retailer's stock has dropped by 10.29% in the past month, falling short of the Consumer Discretionary sector's loss of 2.32% and the S&P 500's loss of 1.85%.Market participants will be closely following the financial results of GameStop in its upcoming release. In ...
The SEC Was Investigating GameStop In 2021
Forbes· 2024-08-09 18:47
NEW YORK, NEW YORK - JANUARY 27: GameStop storefront from 2021 in New York City. (Photo by Michael M. Santiago/Getty Images)Getty ImagesIt's been three years since GameStop madness roiled markets. There's been Congressional testimony over its extreme volatility, an SEC report on trading activity in GameStop’s options and stock, and endless chatter on X and Reddit about the video game company. Until now, there's been no confirmation whether the regulator was actually investigating GameStop for potential secu ...
The Perils of Betting on GameStop: Why This Meme Stock Is a Sell
Investor Place· 2024-08-08 19:19
U.S. stock markets are rising back again, but is it prudent to let loose bet on a risky play like GameStop (NYSE:GME) stock?Despite deplorable fundamentals, video gamer retailer GameStop has somehow managed to be relevant. A single tweet or the slightest hint of an appearance on his YouTube channel by notable retail trader Keith Gill, also known as Roaring Kitty, can send GameStop’s stock soaring. We’re in that time now. But these moments are few and far between, which makes GameStop stock a sell for me.Gam ...
GME Stock Warning: 2 Big Reasons Why GameStop Still Looks Like a Sell
Investor Place· 2024-08-08 13:05
GameStop (NYSE:GME) is the original meme stock, surging to incredible levels in previous meme stock mania bubbles. This stock is down considerably from its 2021 highs, but has also seen its fair share of surges. In fact, GameStop stock is actually up 19% on a year-to-date basis.That said, despite its recent moves higher and previous nostalgic rallies, it’s hard to ignore the underlying fundamentals of GameStop’s core business. The company’s fiscal Q1 results for the period ending May 4 were hard for many in ...
The 3 Best Meme Stocks to Buy in August 2024
Investor Place· 2024-08-06 10:00
The story of the video game retailer GameStop (NYSE:GME) shook up the information space and gave small investors faith in their ability to beat the industry giants. Over time, the list of best meme stocks has changed, and the very definition of the term has changed along with it. However, informal discussions and agreements among stockholders can still set the tone for the market. The hype on the Internet can both raise the price of an asset and negate the company’s long history of development. The public i ...
GameStop's Silence Speaks Volumes: Why You Should Be Wary of GME Stock
Investor Place· 2024-07-31 10:00
GameStop (NYSE:GME) stock is up 64% in the past six months. But just try finding timely information about the company. GameStop stock has just two analysts covering it. Yet it has an average daily volume of over 14 million shares. That’s seven million shares per analyst. Nvidia (NASDAQ:NVDA) has an average daily volume of 261 million shares, about 19x GameStop. Yet, it has 62 analysts covering it, which works out to about 4.2 million shares per analyst. As a retail investor, you’ve got better odds staying i ...
GameStop (GME) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-07-29 22:50
The most recent trading session ended with GameStop (GME) standing at $23.67, reflecting a -1.91% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.12%, and the technology-dominated Nasdaq saw an increase of 0.07%.The video game retailer's stock has dropped by 2.27% in the past month, falling short of the Consumer Discretionary sector's loss of 1.74% and the S&P 500's loss of 0.21%.The investment community will be p ...