GameStop (NYSE:GME - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $1.48 billion for the quarter.
GameStop Stock Up 5.5 %
Shares of GameStop stock traded up $1.30 during midday trading on Friday, hitting $24.81. The company had a trading volume of 4,034,777 shares, compared to its average volume of 19,321,166. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 136.67 and a beta of -0.29. GameStop has a 12-month low of $9.95 and a 12-month high of $64.83. The company has a fifty day simple moving average of $25.90 and a 200 day simple moving average of $25.58.
Analyst Ratings Changes
Separately, Wedbush reiterated an "underperform" rating and set a $10.00 price objective on shares of GameStop in a research note on Friday, December 6th.
Get Our Latest Stock Analysis on GME
Insider Activity
In related news, General Counsel Mark Haymond Robinson sold 1,577 shares of the company's 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 sale, the general counsel now owns 42,350 shares in the company, valued at $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel William Moore sold 895 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $27,807.65. Following the transaction, the insider now directly owns 31,385 shares of the company's stock, valued at $975,131.95. This represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company's stock.
GameStop Company Profile
(
Get Free Report)
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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