GameStop Replacing Dow Jones in S&P 500 (GME, NWS, DJ)

By Douglas A. McIntyre Updated Mar 26, 1:04PM EDT · Published Dec 5, 5:42PM EST

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GameStop Corp. (NYSE:GME) has been paid quite a nice complement today. It has been selected to replace Dow Jones (NYSE:DJ) in the beloved S&P 500 Index after the close on a date TBA. The pending News Corp. (NYSE:NWS) buyout of Dow Jones is expected to close before the end of this month according to our sources at Dow Jones and News Corp., although we have heard too many date approximations to hang our hat on. But we would expect GameStop to make the index change before the year-end.

GameStop was already a member of the S&P Mid Cap 400 Index. As of the close at a $57.90 close it had a $9.3 Billion market cap. Shares are now trading up 3.8% at $60.10 in after-hours trading and the stock has traded as low as $24.95 and as high as $60.80 over the last 52-weeks.

We have an update going out soon in the video game sector for our Special Situation Investing Newsletter subscribers.

Jon C. Ogg
December 5, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.