GameStop Corp. (NYSE:GME) General Counsel Sells $48,997.39 in Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $48,997.39. Following the completion of the sale, the general counsel now directly owns 42,350 shares in the company, valued at approximately $1,315,814.50. The trade was a 3.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mark Haymond Robinson also recently made the following trade(s):

• On Thursday, October 10th, Mark Haymond Robinson sold 11,000 shares of GameStop stock. The shares were sold at an average price of $20.82, for a total transaction of $229,020.00.

GameStop Trading Up 3.4 %

Shares of NYSE GME traded up $1.07 during trading hours on Monday, hitting $32.72. 12,518,525 shares of the company traded hands, compared to its average volume of 9,314,210. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 181.79 and a beta of -0.02. The company’s 50 day moving average price is $27.94 and its 200 day moving average price is $24.51. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.09. The business had revenue of $860.30 million for the quarter, compared to analysts’ expectations of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The company’s revenue for the quarter was down 20.2% compared to the same quarter last year. Equities analysts anticipate that GameStop Corp. will post 0.08 EPS for the current year.

Analyst Ratings Changes

GME has been the topic of a number of recent research reports. Wedbush reiterated an “underperform” rating and set a $10.00 price objective on shares of GameStop in a research report on Friday, December 6th. StockNews.com upgraded GameStop to a “sell” rating in a research report on Saturday, October 19th.

Institutional Trading of GameStop

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of GameStop by 38.0% during the third quarter. State Street Corp now owns 11,143,759 shares of the company’s stock valued at $255,526,000 after buying an additional 3,070,571 shares during the last quarter. Geode Capital Management LLC boosted its holdings in GameStop by 41.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,278,680 shares of the company’s stock valued at $144,009,000 after acquiring an additional 1,852,088 shares during the period. Charles Schwab Investment Management Inc. grew its position in GameStop by 22.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,502,910 shares of the company’s stock valued at $80,322,000 after acquiring an additional 646,488 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of GameStop by 8.1% during the third quarter. Van ECK Associates Corp now owns 1,825,837 shares of the company’s stock worth $41,866,000 after purchasing an additional 136,785 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of GameStop by 34.0% during the second quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock valued at $33,261,000 after purchasing an additional 342,178 shares during the period. Institutional investors own 29.21% of the company’s stock.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.