GameStop Corp. (NYSE:GME – Get Free Report) insider Daniel William Moore sold 1,972 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $43,305.12. Following the completion of the sale, the insider now directly owns 37,280 shares in the company, valued at $818,668.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
GameStop Trading Up 0.9 %
Shares of GameStop stock opened at $21.40 on Friday. The business’s 50-day moving average price is $21.88 and its 200-day moving average price is $20.97. The firm has a market capitalization of $7.52 billion, a PE ratio of 267.50 and a beta of -0.19. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83.
GameStop (NYSE:GME – Get Free Report) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The business had revenue of $798.30 million for the quarter, compared to analysts’ expectations of $895.67 million. GameStop had a net margin of 0.93% and a return on equity of 1.79%. The business’s quarterly revenue was down 31.4% on a year-over-year basis. During the same period last year, the business earned ($0.03) earnings per share. As a group, analysts predict that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.
Hedge Funds Weigh In On GameStop
Wall Street Analyst Weigh In
A number of brokerages have recently commented on GME. StockNews.com raised shares of GameStop to a “sell” rating in a report on Wednesday, September 25th. Wedbush cut their target price on shares of GameStop from $11.00 to $10.00 and set an “underperform” rating for the company in a research report on Wednesday, September 11th.
Check Out Our Latest Stock Report on GME
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.
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