In the latest trading session, GameStop (GME) closed at $22.68, marking a -0.22% move from the previous day.
GameStop (GME) closed at $20.54 in the latest trading session, marking a -1.86% move from the prior day.
In the most recent trading session, GameStop (GME) closed at $21.36, indicating a -1.41% shift from the previous trading day.
GameStop's shift to trading cards and partnerships with PSA could offset declining video game sales, positioning it as a national card shop chain. GME's strong balance sheet, with over $4 billion in cash and minimal debt, provides a significant runway for reinvention and new business ventures. The trading card market's growth and synergies with video games offer GME opportunities to host leagues and tournaments and create content, enhancing customer engagement.
In the latest trading session, GameStop (GME) closed at $20.83, marking a -0.38% move from the previous day.
GameStop (GME) reported earnings 30 days ago. What's next for the stock?
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.
GameStop (GME) stock price has moved sideways in the past few weeks as investors reflect on its recent earnings and cash raise. It was trading at $22.48 on Friday, much lower than the year-to-date high of $64.
Michael Pachter with Wedbush Securities has called Gamestop (GME) a bank with the way its leadership has handled money. He questions why people are still buying into the stock, pointing to questionable practices, lack of value, and muted communication with investors.
GameStop Corp‘s GME stock price is up 17.04% year-to-date but down 12.43% over the past month.
Roaring Kitty's reappearance with a large GameStop position in May, helped the share quote to rise from $12 to $60+ in quick order. GameStop's management issued $3.05 billion in new shares during May-June, reshaping the balance sheet with $4.2 billion in cash vs. just $1.15 billion in liabilities. Positive net income and potentially stronger returns on the reinvestment of its large cash holdings could force Wall Street to rerate shares much higher.
GameStop Corp (NYSE:GME) CEO Ryan Cohen has agreed to pay a nearly $1 million civil penalty to settle the US Federal Trade Commission's claim he failed to report the acquisition of more than $100 million worth of Wells Fargo shares. The Hart-Scott-Rodino Antitrust Act (HSR) requires companies and individuals to report large transactions including securities acquisitions over a certain threshold to the FTC and Department of Justice, allowing federal agencies to investigate these deals before closing.