Media
GameStop Replacing Dow Jones in S&P 500 (GME, NWS, DJ)
Published:
Last Updated:
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.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
