GameStop(GME)

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Cramer's week ahead: Earnings from GameStop, McCormick and Dollar Tree
CNBC· 2025-03-21 23:56
CNBC's Jim Cramer on Friday listed next week's top market-moving events, including earnings reports from GameStop, McCormick and Dollar Tree. He underscored that angst on Wall Street will continue as tariff policy remains uncertain."There's a lot going on next week, but until we get some resolution on the trade front, you need to expect more uncertainty and more volatility like we saw today," Cramer said. "There's just too much negativity and, for the moment, it seems impossible to fight it."KB Home reports ...
GameStop Announces Release Date for Fourth Quarter Fiscal 2024 Results
GlobeNewswire· 2025-03-14 14:47
GRAPEVINE, Texas, March 14, 2025 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it will report fourth quarter fiscal 2024 results after the market closes on Tuesday, March 25, 2025. Contacts GameStop Corp. Investor Relations(817) 424-2001ir@gamestop.com ...
GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm's CEO Urges Bitcoin Investment: Graduate From Being 'Meme Stock' To Sector Leader
Benzinga· 2025-02-26 03:37
Core Viewpoint - An investor recommendation for GameStop Corp. to adopt Bitcoin as a Treasury reserve asset has led to significant surges in cryptocurrencies associated with the company, indicating a potential shift in investor sentiment and market dynamics [1][2][3]. Group 1: Cryptocurrency Surge - GameStop Coin, based on the BNB Chain, experienced a dramatic increase of 363% in the last 24 hours, reaching a market capitalization of $3.15 million [1][2]. - Ethereum-based GameStop also saw an increase of over 8%, with trading volume rising by 46% in the same period [1][2]. Group 2: Investor Proposal - Strive Asset Management, which holds shares of GameStop, proposed that the company utilize its $5 billion cash reserves to invest in Bitcoin, suggesting this could transform GameStop from a meme stock to a market leader [3][4]. - The CEO of Strive, Matt Cole, has communicated this proposal to GameStop's CEO, Ryan Cohen, who has acknowledged the letter [3][4]. Group 3: Market Context - The speculation around GameStop's potential Bitcoin investments has intensified following a social media post by Cohen with Michael Saylor, co-founder of a Bitcoin Treasury company [5]. - GameStop has gained popularity as a retail stock, particularly during the 2021 meme stock phenomenon, which has continued to influence its price movements [5]. Group 4: Stock Performance - GameStop shares saw a slight increase of 0.16% in after-hours trading, following a regular session close that was 2.32% lower at $24.42 [6].
Billionaire GameStop CEO Ryan Cohen boosts stake in Chinese titan Alibaba to $1B: report
New York Post· 2025-02-20 21:21
Core Insights - Billionaire investor Ryan Cohen has increased his stake in Alibaba Group to approximately $1 billion, representing around 7 million shares [1][3] - Cohen had previously built a stake worth hundreds of millions of dollars in early 2023 and advocated for accelerated share buybacks [2][5] Company Developments - Alibaba has announced plans to invest more in its e-commerce and AI-powered cloud computing businesses, which aligns with the recent positive sentiment in the Chinese tech sector [4] - The company reported third-quarter revenue that exceeded analysts' expectations, driven by strong year-end sales [4] Market Context - Chinese tech stocks have seen a rise recently, influenced by the emergence of domestic AI startup DeepSeek and a meeting between President Xi Jinping and business leaders, which has positively impacted investor sentiment [4]
GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, the WSJ says
CNBC· 2025-02-20 21:14
Group 1 - Ryan Cohen has increased his stake in Alibaba to approximately 7 million shares valued at about $1 billion, indicating a bullish outlook on China's long-term economic growth [1] - Alibaba reported a significant profit increase in the December quarter, driven by strong performance in its Cloud Intelligence unit and e-commerce segment, leading to an 8.1% surge in its shares [2] - Cohen has previously urged Alibaba to enhance its stock buybacks, believing the stock is significantly undervalued [2] Group 2 - Jack Ma, Alibaba's founder, attended a closed-door meeting with President Xi Jinping, where the President encouraged private businesses to demonstrate their capabilities and build confidence in a new era [3] - Ryan Cohen became CEO of GameStop after his involvement in the company contributed to a trading frenzy in 2021, and he has been working on a turnaround strategy for the retailer [4] - Under Cohen's leadership, GameStop has focused on cost-cutting and operational efficiency to maintain profitability despite stagnant growth [5]
GameStop seeking buyers for Canadian and French operations
Proactiveinvestors NA· 2025-02-19 18:09
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Trump enthusiasm matches GameStop mania as small investors flood market in record numbers
CNBC· 2025-02-19 17:33
Core Insights - Retail investors are trading stocks at levels not seen since the meme stock mania of early 2021, with their share in U.S. stock trading reaching 25%, more than double pre-pandemic levels [2][3] Group 1: Retail Investor Behavior - The "buy the dip" mentality among retail investors is at an all-time high, driven by confidence from past successes in the bull market [4] - Retail investors have been actively purchasing stocks since before the U.S. presidential election, influenced by expectations of a favorable regulatory environment under President Trump [3][4] - Retail favorites such as Palantir, AMC Entertainment, and BlackBerry have seen significant stock price increases, with Palantir up more than 50.5%, AMC up more than 13.5%, and BlackBerry up about 34% [10] Group 2: Market Dynamics - The S&P 500 has shown resilience, recovering from declines caused by external factors, such as concerns over an AI bubble and tariff announcements [5] - Retail investors have played a significant role in supporting the broader U.S. equity market, particularly in the latter half of 2024 [7] - There are signs of market froth, with a notable disparity between expensive stocks and those with reasonable valuations, indicating potential challenges ahead for retail investors [9]
GameStop Announces Plan to Pursue a Sale of French and Canadian Operations
GlobeNewswire News Room· 2025-02-18 12:05
Core Viewpoint - GameStop Corp. intends to sell its operations in France and Canada as part of its evaluation of international assets [1] Group 1: Company Actions - The company is actively pursuing a sale of its operations in France and Canada [1] - Inquiries regarding the sale can be directed to the company's M&A contact [1] Group 2: Forward-Looking Statements - The announcement includes forward-looking statements based on management's current beliefs and expectations [2] - These statements are subject to risks and are based on the company's periodic filings with the SEC [2]
GameStop is considering investing in bitcoin and other cryptocurrencies, sources say
CNBC· 2025-02-13 21:38
Core Viewpoint - GameStop is considering investments in bitcoin and other cryptocurrencies as part of its strategy to explore alternative asset classes, which has led to a significant increase in its stock price [1][2]. Group 1: Investment Considerations - GameStop is in the process of evaluating whether investing in cryptocurrencies aligns with its business model, with no final decision made yet [2]. - The company previously launched crypto wallets in 2022 but discontinued the service in 2023 due to regulatory uncertainties [3]. - Under the leadership of CEO Ryan Cohen, GameStop has focused on cost-cutting and operational efficiency, accumulating a cash reserve of $4.6 billion for potential investments [4]. Group 2: Market Context - Other companies, like MicroStrategy, have successfully integrated bitcoin into their balance sheets, transforming their business models and stock performance [5]. - GameStop's board approved a new investment policy in December 2023, allowing specific members to manage the company's investment portfolio, with strict guidelines for any investments [6].
GameStop (GME) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-02-12 18:01
Core Viewpoint - GameStop (GME) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for GameStop suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][10]. Recent Performance and Projections - GameStop is projected to earn $0.08 per share for the fiscal year ending January 2025, representing a year-over-year increase of 33.3% [8]. - Over the past three months, the Zacks Consensus Estimate for GameStop has surged by 200% [8]. Zacks Rating System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating [9][10]. - GameStop's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].