A 52% run off the August low with no named catalyst is the tell that retail speculation is back in charge of this name.
What's gotten into GameStop $GME recently? Up 52% since lows in late August. https://t.co/SxLcCSehwZ
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Headquartered in Grapevine, TX Fiscal year ends January NYSE: GME gamestop.com
GameStop Corp. is a specialty retailer operating through physical stores and e-commerce channels, selling collectible products (trading cards, action figures, apparel, and pop culture merchandise), new and pre-owned video game hardware, software, and accessories, as well as pre-owned and refurbished consumer electronics. The company operates in the United States, Australia, and Europe (with France recently divested). GameStop has increasingly pivoted its business toward Collectibles, which now represent the largest share of net sales. Beyond retail operations, the company holds significant financial assets including approximately 43.4 million shares of eBay common stock, digital asset holdings including Bitcoin, marketable securities, and derivative instruments. The company has outstanding 0.00% convertible senior notes due 2030 and 2032, though it recently retired approximately $1.4 billion in principal through privately negotiated exchanges. GameStop is pursuing a proposed acquisition of eBay Inc. and continues executing store optimization and cost reduction initiatives under CEO Ryan Cohen. Updated
A 52% run off the August low with no named catalyst is the tell that retail speculation is back in charge of this name.
What's gotten into GameStop $GME recently? Up 52% since lows in late August. https://t.co/SxLcCSehwZ
GameStop reports at 4:02 PM ET today, and with an $8.6 billion market cap resting largely on its cash pile and retail-trader conviction, the margin and cash update matters more than the headline EPS. Hardware and software demand is the tell on whether the core retail business still has a floor.
Tuesday carries the week: GameStop, Casey's, Braze and ServiceTitan all report after the close on Sept. 8, with Chewy following before Wednesday's open. That is the consumer and software read inside a 67-company slate.
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GameStop Corp. is a specialty retailer operating through physical stores and e-commerce channels, selling collectible products (trading cards, action figures, apparel, and pop culture merchandise), new and pre-owned video game hardware, software, and accessories, as well as pre-owned and refurbished consumer…
24/7 Wall St.'s 12-month price target for GME is $19.29, rated Sell. The Wall Street consensus target is $13.50. GME price prediction →