GameStop(GME)

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Here's Why GameStop (GME) Fell More Than Broader Market
ZACKS· 2024-11-12 23:51
The latest trading session saw GameStop (GME) ending at $26.84, denoting a -1.54% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 0.29%. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw a decrease of 0.09%.Coming into today, shares of the video game retailer had gained 27.8% in the past month. In that same time, the Consumer Discretionary sector gained 6.91%, while the S&P 500 gained 3.3%.Investors will be eagerly w ...
Forget Bitcoin: The O.G. meme stock GameStop is rallying
Finbold· 2024-11-12 14:37
While not entirely true, the market rally sparked by Donald Trump’s election victory certainly gives the feeling no assets were left behind and failed to experience a surge.By November 12, companies like Nvidia (NASDAQ: NVDA) and Tesla (NASDAQ: TSLA) had not only caught investors’ eyes but also delivered substantial gains, reinforcing their positions as growth stocks. Meanwhile, in the cryptocurrency market, Bitcoin (BTC) and Ethereum (ETH) led a digital asset surge, benefiting from renewed investor confide ...
GameStop (GME) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2024-11-04 23:46
Company Performance - GameStop (GME) closed at $22.33, reflecting a -0.36% change from the previous session, underperforming compared to the S&P 500's loss of 0.28% [1] - Over the past month, GameStop shares gained 4.72%, outperforming the Consumer Discretionary sector's gain of 2.26% and the S&P 500's gain of 0.41% [1] Financial Projections - Upcoming financial results for GameStop are anticipated, with a consensus estimate projecting revenue of $900 million, a decline of 16.54% from the same quarter last year [2] - For the entire year, earnings are forecasted at $0.01 per share and revenue at $4.03 billion, indicating changes of -83.33% and -23.57% respectively compared to the previous year [2] Analyst Sentiment - Monitoring shifts in analyst projections for GameStop is crucial, as positive revisions indicate a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system, which incorporates estimate changes, currently ranks GameStop at 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] Industry Context - The Gaming industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 156, placing it in the bottom 39% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]
GameStop Trading at a Discount: How to Approach the Meme Stock?
ZACKS· 2024-10-30 20:01
GameStop Corp. (GME) , the original "meme stock" that ignited a social media-fueled trading frenzy, is now sitting at a significant discount compared to its previous highs. Once the favorite of retail investors and Reddit forums, GameStop has recently slipped in value, tempting bargain hunters and seasoned investors alike to take a second look. But is GameStop's discounted price an opportunity or just another chapter in a volatile saga? The video game retailer is currently trading at a forward 12-month pric ...
Why GameStop (GME) Dipped More Than Broader Market Today
ZACKS· 2024-10-23 22:50
GameStop (GME) closed at $20.54 in the latest trading session, marking a -1.86% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.92%. At the same time, the Dow lost 0.96%, and the tech-heavy Nasdaq lost 1.6%.The the stock of video game retailer has fallen by 7.51% in the past month, lagging the Consumer Discretionary sector's gain of 3.47% and the S&P 500's gain of 2.68%.Analysts and investors alike will be keeping a close eye on the performance of GameStop in its u ...
GameStop (GME) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-10-17 22:51
The latest trading session saw GameStop (GME) ending at $21.36, denoting a -1.41% adjustment from its last day's close. This change lagged the S&P 500's 0.02% loss on the day. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.04%.The video game retailer's stock has climbed by 10.23% in the past month, exceeding the Consumer Discretionary sector's gain of 7.27% and the S&P 500's gain of 3.77%.The investment community will be closely monitoring the perfor ...
GameStop May Have Figured Out Their Next Venture And It Could Work
Seeking Alpha· 2024-10-16 13:00
I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking AlphaAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any ...
GameStop (GME) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-10-11 22:51
GameStop (GME) closed the most recent trading day at $20.83, moving -0.38% from the previous trading session. This move lagged the S&P 500's daily gain of 0.61%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 0.33%.The video game retailer's stock has climbed by 2.5% in the past month, falling short of the Consumer Discretionary sector's gain of 2.91% and the S&P 500's gain of 5.36%.The investment community will be paying close attention to the earnings performance of GameStop in its ...
Why Is GameStop (GME) Down 0.7% Since Last Earnings Report?
ZACKS· 2024-10-10 16:32
It has been about a month since the last earnings report for GameStop (GME) . Shares have lost about 0.7% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is GameStop due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. GameStop Q2 Earnings Beat Amid Y/Y Sales Dips Acros ...
3 Meme Stocks to Monitor After Summer Rally
Schaeffers Investment Research· 2024-09-30 17:34
GameStop Corp (NYSE:GME), AMC Entertainment Holdings Inc (NYSE:AMC), and Chewy Inc (NYSE:CHWY) have all been popular retail trader plays, especially since Keith Gill (otherwise known as "Roaring Kitty") returned to social media this summer.The Reddit influencer helped kick off the meme stock craze that happened during the Covid-19 pandemic, which built up so much momentum that online brokerage platform Robinhood (HOOD) halted trading of GME and other retail favorites temporarily in 2021. Now that Roaring Ki ...