GameStop(GME)
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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 ...
GME Red Alert: Sell GameStop Stock Now Before It's Too Late
Investor Place· 2024-07-27 11:05
Grapevine, TX-based GameStop (NYSE:GME) is a global operator of video game retail stores, with an online presence as well. The company focuses on the U.S. market, but has presence in Canada, Australia and Europe under other banners, selling a range of gaming products as well as other collectibles and technology at its locations.That said, it’s become increasingly clear that meeting consumers where they are is the most important. With gamers increasingly buying their games and accessories online, it’s unclea ...
GameStop (GME) Advances But Underperforms Market: Key Facts
ZACKS· 2024-07-22 22:52
In the latest market close, GameStop (GME) reached $25.22, with a +1% movement compared to the previous day. This change lagged the S&P 500's 1.08% gain on the day. Meanwhile, the Dow experienced a rise of 0.32%, and the technology-dominated Nasdaq saw an increase of 1.58%.The video game retailer's stock has climbed by 4.35% in the past month, exceeding the Consumer Discretionary sector's loss of 0.91% and the S&P 500's gain of 0.43%.Market participants will be closely following the financial results of Gam ...
Roaring Kitty vs. Risks: Why Investors Should Avoid GameStop Stock Now
Investor Place· 2024-07-18 10:15
GameStop (NYSE:GME) seems to be keeping its meme stock status standing. Indeed, with Keith Gill’s influence, this stock has seen incredible surges in recent years. However, investors now appear to be proceeding with caution regarding GameStop stock right now.Gill’s return led to renewed retail interest, but the lack of positive news caused a sharp sell-off in GameStop stock. Many questions remain about the stock’s future direction. GameStop stock is likely to continue falling. Let’s dive into why that may b ...
Why Are GameStop And Kitty-Themed Memecoins Trading Higher Today? Read On
Benzinga· 2024-07-17 03:54
Loading...Loading...Cryptocurrencies linked to legendary trader “Roaring Kitty" surged higher Tuesday on high short interest in meme stock, GameStop Corp. GME.What Happened: GameStop GME/USD, the Solana SOL/USD-based meme coin that pays tribute to the historic 2021 short squeeze, jumped 10% in the last 24 hours. Additionally, Kitty AI KITTY/USD shot up 25%, with a 10% jump in 24-hour trading volumes. Both of these memecoins have no fundamental ties to GameStop or Roaring Kitty but are just playing on the sp ...
GameStop (GME) Stock Pops as Ryan Cohen Endorses Trump
Investor Place· 2024-07-16 16:04
GameStop (NYSE:GME) stock is on the climb this week after Chief Executive Ryan Cohen publicly endorsed Republican presidential nominee Donald Trump on Saturday. Indeed, Cohen posted a simple “Trump 2024” post on X, formerly Twitter, following Saturday’s assassination attempt on the former president.Trump 2024 🇺🇸— Ryan Cohen (@ryancohen) July 13, 2024 The post has invited divisive reactions from investors and political fans alike. Indeed, while some X users expressed approval of the surprise advocation, othe ...