GME - GameStop Corp.

NYSE - Nasdaq Real Time Price. Currency in USD
15.72
+0.19 (+1.22%)
As of 1:13PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close15.53
Open15.57
Bid15.72 x 1800
Ask15.73 x 800
Day's Range15.38 - 15.89
52 Week Range11.56 - 18.27
Volume1,114,317
Avg. Volume3,186,568
Market Cap1.603B
Beta (3Y Monthly)0.71
PE Ratio (TTM)N/A
EPS (TTM)-5.81
Earnings DateMar 26, 2019 - Apr 1, 2019
Forward Dividend & Yield1.52 (9.51%)
Ex-Dividend Date2018-12-10
1y Target Est14.32
Trade prices are not sourced from all markets
  • 5 Big Turnaround Stocks to Buy Now
    InvestorPlace5 days ago

    5 Big Turnaround Stocks to Buy Now

    U.S. equities are taking a bit of a breather on Friday from their recent upward trajectory, with the Dow Jones Industrial Average hitting a bit of resistance near the 24,000 level. The Russell 2000, for its part, is pausing just below its 50-day moving average. The bulls have earned a rest after an impressive surge out of the Christmas Eve low that has seen large-caps gain more than 10% for the best performance since the bear market low in 2009. Some stocks are benefiting more than others from the value hunting that's going on, with the bottom feeders preferring to go in big on really beaten-down names. All the better to maximize the bounce off of the lows that capped what was the worst intra-month decline in December since the Great Depression. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors Here are five turnaround stocks to buy: ### General Motors (GM) Shares of General Motors (NYSE:GM) are breaking up and over their 200-day moving average in a confident way, looking ready to leave behind a level that has plagued shareholders over the past year. Prices are responding to the issuance of some solid forward guidance before the open, with management looking for fiscal 2019 earnings of between $6.50 and $7 per share vs. the $5.84 Street estimate. The company will next report results on Feb. 6 before the bell. Analysts are looking for earnings of $1.19 per share on revenues of $35.9 billion. When the company last reported on Oct. 31 earnings of $1.87 per share beat estimates by 62 cents on a 6.4% rise in revenues. ### Netflix (NFLX) Netflix (NASDAQ:NFLX) shares are pushing above their 200-day moving average for the first time since October, capping a rise of nearly 50% from the lows seen in late December. An impressive performance by any standard. Shares recently enjoyed an upgrade from analysts at UBS and Raymond James, helping fuel the rise. * 10 Stocks You Can Set and Forget (Even In This Market) The company will next report results on Jan. 17 after the close. Analysts are looking for earnings of 25 cents per share on revenues of $4.2 billion. When the company last reported on Oct. 16, earnings of 89 cents per share beat estimates by 21 cents on a 34% rise in revenues. ### Boeing (BA) Despite some turbulence in airline stocks like Delta (NYSE:DAL), Boeing (NYSE:BA) shares are climbing back to altitude rising above their 200-day moving average to mark a 20%+ rise off of their late December low. A strong order backlog and steady demand out of Asia makes the stock a solid pick for playing the market recovery. Analysts at Morgan Stanley recently upgraded shares to overweight. The company will next report results on Jan. 30 before the bell. Analysts are looking for earnings of $4.5 per share on revenues of $27 billion. When the company last reported on Oct. 24, earnings of $3.58 beat estimates by 11 cents on a 3.8% rise in revenues. ### Fitbit (FIT) Fitbit (NYSE:FIT) shares have scrambled back over their 200-day moving average, making another run at breaking out of a long consolidation range going back to the end of 2016. The company has been left behind as its early lead in fitness wearables was gobbled up by Apple's (NASDAQ:AAPL) push into the space with multiple generations of its Apple Watch. But there remains a market for cheaper, simpler devices and that's where Fitbit is shining. * 7 Stocks to Buy That Are Run By Billionaires The company will next report results on Jan. 30 after the close. The company last reported on Oct. 31, with earnings of 4 cents per share beating estimates by 5 cents on a 0.3% rise in revenues. ### Gamestop (GME) ### Gamestop (NYSE:GME) shares have surged roughly 40% from their late December low to challenge the double-top highs set back in August and September. Shares have been battered lower in recent years amid the push to digitally deliver video games rather than in the physical format. But hope is building for an ongoing strategic review and possible buyout interest from the private equity sector. The company will next report results on Feb. 28 after the close. Analysts are looking for earnings of $1.62 per share on revenues of $3.2 billion. When the company last reported on Nov. 29, earnings of 59 cents per share beat estimates by 3 cents on a 4.8% rise in revenues. As of this writing, William Roth did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 5 Big Turnaround Stocks to Buy Now appeared first on InvestorPlace.

  • Investing.com5 days ago

    Gaming Stocks Fall as Activision Blizzard Sells Rights to Destiny Franchise

    The gaming company fell 10%. The move could cost the company hundreds of millions in revenue and it is unclear why the two companies terminated their 10-year contract early.

  • 3 Stocks Already Bouncing Back in 2019
    Motley Fool7 days ago

    3 Stocks Already Bouncing Back in 2019

    GameStop, Roku, and Camping World are up at least 25% through the first five trading days of the year after getting crushed in 2018.

  • Honda Dream Drive can earn you Amazon gift cards for riding in your car
    Yahoo Finance7 days ago

    Honda Dream Drive can earn you Amazon gift cards for riding in your car

    Honda's new Dream Drive app lets you make dinner reservations, order food and pay for gas from your car's infotainment system. Even more impressive, though, it can earn you gift cards on the go.

  • 8 Streaming Services That Won (and Lost) the 2019 Golden Globes
    InvestorPlace9 days ago

    8 Streaming Services That Won (and Lost) the 2019 Golden Globes

    Among the most disruptive industries, streaming services transitioned from a niche technology to an absolute necessity. Nowadays, if you don't have at least some exposure to this format, you're dead in the water. Plus, the meteoric rise of streaming stocks has given traditionalists plenty of food for thought. Naturally, with opportunity comes fierce competition. As it stands, the low-hanging fruit in streaming services is gone. To differentiate against the sea of competitors, sector players must provide attractive pricing and compelling content. While the latter is a subjective exercise, award shows like the Golden Globes provide key insights. Although the Academy Awards carry more prestige, the Golden Globes bring together Hollywood standouts from the big and small screens. This unique setup provides media companies with a substantive indicator of what works and what doesn't. Furthermore, Golden Globes winners have historically influenced the Academy Awards' votes, which have clear financial implications. InvestorPlace - Stock Market News, Stock Advice & Trading Tips After all, streaming stocks are rarely focused on just streaming services. Companies who offer the best, most attractive content can advantage this through exclusive licensing rights. Such aggressive measures weed out the pretenders from the contenders. * 10 Top Stock Picks From the Street's Best Analysts Here are the streaming services that received a sentiment lift via Golden Globes winners, and those who fell short: Source: Shutterstock ### Disney (DIS) If any one entertainment studio stood out as the practical beneficiary among Golden Globes winners, it would be Disney (NYSE:DIS). Its most prominent contribution to the night, Black Panther, received three nominations. Although the film failed to bring home the hardware, its "Best Motion Picture" nod represented a groundbreaking achievement. First, it's extremely rare that a comic-book based movie would receive such an honor. Most best film awards go to historically significant or culturally relevant dramas. That Disney broke through with a Marvel Comics brand is a major catalyst for DIS stock. When people go to the movies, it's usually for big blockbusters, something that fits Disney to a T. Second, DIS stock wins on diversity. African-American actors featured prominently throughout the film, directly confronting Hollywood's history of whitewashing. Not only that, Black Panther was the highest-grossing film of 2018. With Disney scheduled to compete with other streaming services at the end of this year, things are looking good for DIS stock. Source: Dalvenjah via Flickr ### Sony (SNE) Most people recognize the Sony (NYSE:SNE) brand as a video-gaming powerhouse, thanks to its ultra-successful PlayStation consoles. Older millennials and above may remember SNE for its Walkman, which popularized the concept of convenient, portable entertainment. But in recent years, Sony has branched into other avenues, including streaming services. Admittedly, its PlayStation Vue has problematic vulnerabilities, least of which is its misleading brand name. At the same time, SNE levers an enviable content library which can produce powerful synergies. A prime example is its popular movie Spider-Man: Into the Spider-Verse. Although Sony numerically fell short among Golden Globes winners, Spider-Man did take home "Best Animated" honors. This is a massive victory for two reasons. First, Sony has a complicated relationship with Disney-owned Marvel Comics. Long story short, the Japanese consumer-tech giant has exclusive rights to produce Spider-Man films and video games. Therefore, success at the box office translates to sales at GameStop (NYSE:GME) and other gaming retailers. * 7 Stocks to Buy Down 20% in December Second, Sony is finally doing something right and investing in its content umbrella. What we're seeing with Spider-Man is only the beginning of a true turnaround for SNE stock. Perhaps the momentum might be enough to also rejuvenate PlayStation Vue. Source: Spotify ### Spotify (SPOT) I'm going to preface my Spotify (NYSE:SPOT) pick with this caveat: I'm not 100% convinced about SPOT stock. As I mentioned last month, Spotify has balancing pros and cons. On one hand, the company suffers from poor financial performances, tough competition, and a non-distinctive business. But on the flipside, SPOT is heavily discounted, considering that it's the clear leader in music streaming. As far as Golden Globes winners are concerned, Spotify easily garnered massive sentiment points. Due to the diverse structure of this award show, several original songs and movie scores received primetime broadcasting. So even though A Star is Born faltered badly, fans will undoubtedly log onto Spotify to download the film's Globe-winning song, Shallow. But will this be enough to justify SPOT stock? I don't like investing based on any one event or news item. Overall, though, the bearishness in the broader markets have brought Spotify down to a much more attractive level. Source: Shutterstock ### Netflix (NFLX) According to Deadline.com, few expected Richard Madden to take home the award for best actor in a television series. Likely, the Netflix (NASDAQ:NFLX) original series Bodyguard resonated with fans and critics for its gritty realism. But for NFLX stock, this latest victory confirms what we've all witnessed over the years. Netflix evolved from merely offering a convenient platform to a must-have digital asset. Among streaming services, no one else provides the depth and volume of compelling content. In addition, Netflix is on a roll. In last year's Emmys, the streaming king took home 23 awards against 112 nominations. Just as impressively, NFLX beat out premium-cable TV frontrunner HBO in nominations, which 108 nods. Streaming stocks are putting the squeeze on traditional-media providers at every corner, and Netflix is leading the charge. * 7 Tech Stocks Without China Exposure Of course, this year's Golden Globes didn't provide a standout victory for streaming services as the Emmys did. However, I'm looking at this from a longer-term perspective. Every win for this burgeoning sector represents a step closer to inevitable domination. Source: Shutterstock ### AT&T (T) I like AT&T (NYSE:T), especially at this juncture. When the markets are in full-blown panic mode, you must first limit your exposure to speculative names. Next, you should ramp up your position in stable, dividend-paying companies. In my opinion, T stock checks off most of the attributes you want in a protective investment. But despite my general bullishness, AT&T slipped badly among Golden Globes winners. Under the Warner Bros. name, AT&T supposedly had a sure thing in A Star is Born. Although nominated five times, Star failed to deliver in any of the cinematographic categories. Instead, the film snagged the honor for "Best Original Song." It's no secret that T has ambitions to eventually lead streaming stocks. The biggest advantage the company levers here is resources. However, AT&T's expensive Time-Warner buyout looks iffy if the merger can't produce winning content. Source: Shutterstock ### Amazon (AMZN) Heading into awards night, Amazon (NASDAQ:AMZN) had a distinct opportunity. With its programs nominated for the top honors of best drama series, best comedy series, and best limited series, it had the chance of taking home all three. The last time such a hat-trick occurred was back in 2001. Unfortunately, AMZN missed the mark completely and didn't take any statues in these revered categories. Further, I believe the judges assessed the issue correctly. For instance, FX's Cold War era The Americans was one of the most underrated shows on TV. I'm surprised it took this long for the critics to acknowledge the series. * 8 Cheap Value Stocks That Just Got More Enticing While Amazon didn't go home empty-handed, the Golden Globes served some humble pie to the e-commerce giant. Probably the most eclectic name among streaming services, AMZN didn't find that extra gear this time around. Source: Mike Mozart via Flickr ### Comcast (CMCSA) I rarely talk positively about media stalwart Comcast (NASDAQ:CMCSA) and for good reason. The cord-cutting phenomenon has negatively-impacted CMCSA stock in recent years. Wall Street simply doesn't trust Comcast to remain relevant in the 21st century. Although the company has its Xfinity platform to counteract streaming services, the venture is a mixed bag. The mid-tier and premium packages are priced higher than competitor offerings. Moreover, younger consumers increasingly want original content, not traditionally-popular fare like sports. That said, I must give credit where it's due. Comcast, through Universal Pictures' critically-acclaimed film Green Book, cleaned house among Golden Globes winners. This bodes well for the upcoming Academy Awards. Should Green Book take top honors there, it theoretically gives CMCSA credibility to bolster its streaming umbrella. However, several social critics have blasted the movie for glossing over underlying racial tensions. And at any rate, the Green Book isn't one of those lighthearted, vapid movies that ring up the cash registers. Source: Shutterstock ### IQiyi (IQ) For years, iQiyi (NASDAQ:IQ) has wanted to co-produce Hollywood movies. If IQ management intends to change Tinseltown's whitewashed complexion, I say good flippin' luck! Golden Globes co-host Sandra Oh at one point gave an impassioned speech about diversity. As an Asian-American entertainment pioneer, Oh was surely referencing Crazy Rich Asians. The comedy broke new ground last year for its all-Asian cast. More importantly, Crazy featured Asians in a normal and dignified light: no karate, nunchucks or tired racist tropes. Nominated for two high-profile awards, Crazy fell flat on both counts. Frankly, I felt awkward for the Asian actors and actresses in the room. Oh perceived that after decades of being an invisible minority, this was the year that Hollywood finally wakes up. Instead, it's just a minor footnote. * 5 Strong-Buy Stocks That Crushed 2018 To be fair, Crazy as a film wasn't particularly original or profound. But the bigger issue is that outside of one-off projects, Hollywood largely refuses to cast Asians in normalized roles. This kind of overt discrimination seriously impedes IQ and its American ambitions. As of this writing, Josh Enomoto is long Sony stock. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Top Stock Picks From the Street's Best Analysts * 7 Tech Stocks Without China Exposure * 5 Strong-Buy Stocks That Crushed 2018 Compare Brokers The post 8 Streaming Services That Won (and Lost) the 2019 Golden Globes appeared first on InvestorPlace.

  • InvestorPlace9 days ago

    Why GameStop Stock May Surge 30%

    Back in 2016, the digital transition was hitting the DVD rental business very hard. Everyone assumed that DVD-rental company Redbox and its parent company, Outerwall, would go belly-up; as a result, most investors threw in the towel, and Outerwall stock dropped to new lows. But the story ended happily for Outerwall, and a similar scenario may be unfolding for dying video-game-retailer GameStop (NASDAQ:GME). In 2016, investment firm Apollo Management saved Outerwall. In the middle of that year, Apollo announced that it intended to acquire Outerwall for $1.6 billion. That price tag represented a 50% premium on Outerwall's market cap prior to the launch of M&A talks. So Outerwall investors who bought the dip and waited for a buyout made a profit and ended up happy. The same thing might happen in 2019 to the owners of GameStop stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 A-Rated Safety Stocks for a Grossly Oversold Market Much like the digital transition that hit the DVD-rental business hard in 2016, the digital transition is walloping the physical video-game business just as hard today. Video-game players are downloading games. Consequently, they aren't going to GameStop anymore, so investors are throwing in the towel, and GME stock has plunged to new lows. That sounds a lot like what happened to Redbox in 2016. There are more similarities between Redbox then and GameStop now. Rumors are starting to swirl, thanks to a Wall Street Journal report, that Apollo, the same investment firm that bought out Redbox in 2016, is interested in acquiring GME. GameStop stock soared on the news. Will Apollo actually buy GME? Maybe. The similarities between Redbox and GME are striking. If a deal does happen, $20 per share seems like the right price for GME, meaning that investors who buy the dip in GME stock could become profitable and happy in 2019. ### The Similarities Support a Buyout At first glance, the obvious reaction to GameStop M&A rumors is: who in the world would want to buy GME? I understand that reaction. GameStop is a dying business. But that was also the gut reaction to rumors about Redbox being acquired back in 2016, and Redbox was ultimately bought. The logic is that, although both companies have dying businesses, they still have a few good years left. In those few good years, their businesses will produce enough cash flow to service the acquisition price, and then some. The "and then some" part is why private-equity firms make bets on dying public companies. Apollo made a bet on Redbox back in 2016. That makes the current rumors that it might buy GameStop in 2019 more believable. After all, the similarities between Redbox and GameStop are way too strong to ignore. Both GameStop and Redbox are being disrupted by the digital shift. But this digital shift is happening gradually, not all at once, so both of their businesses are slowly deteriorating, not being completely wiped out. Moreover, both companies generate $1 billion of revenue each year, have thousands of retail locations and strong brand-name recognition, are profitable, and produce hundreds of millions of dollars of free-cash-flow every year. Thus, since Apollo was attracted to Redbox in 2016, it's probably interested in GME in 2019. ### $20 Per Share Makes Sense If a buyout does happen, the price tag at which such an acquisition takes place will likely be around $20 per share of GME stock. There are two ways to calculate the likely acquisition price. First, Redbox was acquired for $1.6 billion in 2016, and it produced about $250 million of free cash flow in 2015. That implies a free-cash-takeover multiple of 6.4. GameStop's revenue is higher than Redbox's top line was, but GME's margins are lower. (The free- cash-flow margins of Redbox's parent exceeded 10% in 2014 and 2015, whereas GameStop's free-cash-flow margins were under 5% in 2016 and 2017). Also, the digital-disruption cycle is more than two years further advanced now than when Redbox was acquired. Given those factors, Apollo probably won't pay more than six times free-cash flow for GME. GameStop's free-cash flow was about $325 million in 2018. Placing a multiple of six on that yields a price tag of nearly $2 billion. There are about 100 million diluted shares of GME stock, equating to a $20 price tag per share of GME stock. The other way of looking at this is that Redbox was taken out at a 50% premium to its price before M&A talks started. GameStop stock's 50-day-moving average hovers around $13.50. A 50% premium on that equates to a takeover price tag of about $20 per share. ### The Bottom Line on GME There is finally a light at the end of the tunnel for the owners of GME stock. Although a takeover may not materialize, there are plenty of reasons to believe that it will. If it does, a $20-per-share-takeover price makes sense, implying that GME stock can jump about 30% from its current levels. As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Top Stock Picks From the Street's Best Analysts * 7 Tech Stocks Without China Exposure * 5 Strong-Buy Stocks That Crushed 2018 Compare Brokers The post Why GameStop Stock May Surge 30% appeared first on InvestorPlace.

  • Company News For Jan 7, 2019
    Zacks9 days ago

    Company News For Jan 7, 2019

    Companies In The News Are: GME,CEO,TSLA,PFE

  • GameStop (GME) Stock Rallies More Than 17% on Buyout Hearsays
    Zacks9 days ago

    GameStop (GME) Stock Rallies More Than 17% on Buyout Hearsays

    GameStop (GME) is rumored to announce a deal related to its own buyout in February, after several failed attempts to redeem growth.

  • An Intrinsic Calculation For GameStop Corp. (NYSE:GME) Shows It’s 38.99% Undervalued
    Simply Wall St.11 days ago

    An Intrinsic Calculation For GameStop Corp. (NYSE:GME) Shows It’s 38.99% Undervalued

    I am going to run you through how I calculated the intrinsic value of GameStop Corp. (NYSE:GME) by taking the foreast future cash flows of the company and discounting them Read More...

  • Why GameStop, Novavax, and Epizyme Jumped Today
    Motley Fool12 days ago

    Why GameStop, Novavax, and Epizyme Jumped Today

    It was a great day for the overall market. Find out why these stocks stood out.

  • The Wall Street Journal12 days ago

    [$$] GameStop Shares Rise 14% as Private-Equity Suitors Circle

    Sycamore Partners and Apollo Global Management LLC are bidding for the company, and a deal could be announced by mid-February, according to a person familiar with the matter.

  • GameStop Stock Surges on Buyout Rumors
    InvestorPlace12 days ago

    GameStop Stock Surges on Buyout Rumors

    GameStop stock was up Friday on news that a buyout of the company may be coming in the near future. Source: Shutterstock According to these rumors, GameStop (NYSE:GME) may be planning to announce a buyer for the business as early as mid-February. This comes after years of declining revenue and GameStop stock dropping 30% over the last year. The rumor claims that there are already several private equity firms that are interested in obtaining the company. This includes Sycamore Partners and Apollo Global Management (NYSE:APO). However, it unknown which one, if any, will buy the struggling retailer of new and used video games. InvestorPlace - Stock Market News, Stock Advice & Trading Tips These rumors come from anonymous sources that are reportedly close to the matter. However, both GameStop and Sycamore Partners are fusing to respond to comments about a possible deal, reports CNBC. This isn't actually the first time that Sycamore Partners' name has shown up in connection to GameStop. There were rumors in June 2018 that the private equity firm was considering buying up the video game retailer. * 10 Oversold Stocks Due for a Bounce It also doesn't come as a surprise that GameStop is considering a sale of the company. CEO Dan DeMatteo said as much during its earnings report for the second quarter of 2018. "As our teams prepare for a busy and exciting holiday period, our board of directors, with the support of our financial and legal advisors, continues to conduct a comprehensive review of strategic and financial alternatives, including, but not limited to, a potential sale of the company." GME stock was up 15% as of Friday afternoon. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Downtrodden Stocks to Fish From the Bottom * 8 Cheap Value Stocks That Just Got More Enticing * 5 Apple Suppliers Hurt by the Guidance Cut As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post GameStop Stock Surges on Buyout Rumors appeared first on InvestorPlace.

  • MarketWatch12 days ago

    GameStop's stock soars to extend bounce off 13-year low after WSJ report of coming buyout deal

    Shares of GameStop Corp. rocketed 14% in active midday trade Friday, enough to pace the retail sector's gainers, after the Wall Street Journal reported a buyout deal could be announced next month. Trading volume ballooned to 6.2 million shares, compared with the full-day average of about 3.6 million shares. The stock has now run up 27% since it closed Dec. 24 at $11.67, which was the lowest close for the interactive game and consumer electronics retailer's stock since April 2005. In a report out late Thursday, the WSJ report said, citing a person familiar with the matter, that private-equity firms Sycamore Partners and Apollo Global Management have bid for GameStop. The company said last year that it was reviewing strategic alternatives. The stock was still down 19% over the past 12 months, while the SPDR S&P Retail ETF has slipped 7.6% and the S&P 500 has lost 7.3%.

  • Why Shares of GameStop Popped Today
    Motley Fool12 days ago

    Why Shares of GameStop Popped Today

    Buyout rumors are back.

  • TheStreet.com12 days ago

    GameStop Climbs on Report P/E Firms Are Bidding for the Videogame Retailer

    climbed 13% to $14.65 on Friday on a report that private-equity firms were bidding for the videogame retailer, according to The Wall Street Journal. Citing a person familiar with the matter, the Journal reported that two firms - Sycamore Partners and Apollo Global Management - were bidding for the Grapevine, Texas-based company, and a deal could be announced by mid-February. GameStop has more than 6,000 stores and the majority of the company's revenue comes from sales of new and used videogames.

  • Is GameStop Readying Itself for a Buyout?
    Market Realist12 days ago

    Is GameStop Readying Itself for a Buyout?

    Is GameStop Readying Itself for a Buyout? ## GameStop The stock of video game and consumer electronics retailer GameStop (GME) is surging today. At 10:07 AM EST, GME was trading at $14.46, up 11.5% from its previous day’s closing price. Let’s find out what could be driving today’s rally in the stock. ## Reports of a buyout On January 3, a Wall Street Journal report said that GME was “working to restructure its business as it searches for its fifth chief executive in a little over a year.” The report added that the video game retailer “might be better off selling itself” to survive. The report cited an unknown source suggesting that private equity companies Sycamore Partners and Apollo Global Management are interested in buying out GameStop and indicating the possibility of an announcement by mid-February. The possibility of a GameStop buyout by a private equity company could be the primary reason for today’s rally in its stock. ## Spring Mobile deal In November 2018, GameStop sold its Spring Mobile business to Prime Communications for $700 million. The $700 million excludes the “transaction fees and [is] subject to customary working capital and indebtedness adjustments,” the company mentioned in a press release. Spring Mobile has a wide network of 1,289 AT&T wireless stores. GME is expected to finalize the deal in its ongoing fourth quarter of fiscal 2018 upon securing the required regulatory approvals. With the help of cash generated by selling Spring Mobile, GME expects to increase its focus on the video games and collectibles business. The company also expects to use the money generated from the deal for other purposes, including outstanding debt reduction and share repurchases. GME was already up 5.6% month-to-date before today’s price rally. Month-to-date, the S&P 500 Index has fallen 1.5%, while the NASDAQ Composite Index (QQQ) has fallen 1.8%. In comparison, NVIDIA (NVDA), Qualcomm (QCOM), and Electronic Arts (EA) have fallen 4.2%, 2.0%, and 0.7%, respectively.

  • CNBC12 days ago

    GameStop shares surge 12% on report it could be announcing a buyer next month

    GameStop shares soared after the Wall Street Journal reported that a private equity firm could announce a deal to buy the retailer in mid-February. Interested buyers include Sycamore Partners and Apollo Global Management, the Journal reported. GameStop GME shares surged 12 percent Friday on a report from the Wall Street Journal that a deal for the struggling retailer could come as soon as mid-February.

  • Report: GameStop, under pressure, could announce deal with PE firm next month
    American City Business Journals12 days ago

    Report: GameStop, under pressure, could announce deal with PE firm next month

    After months of waiting, could a deal with private equity finally be nearing for GameStop?  A new report from The Wall Street Journal says Sycamore Partners and Apollo Global Management (NYSE: APO) are bidding for the video game retailer. GameStop's stock (NYSE: GME) soared 10 percent at 8:39 a.m. CT following the report on WSJ's website. GameStop is another struggling retailer that’s been pressured by consumers increasingly shifting their spending and attention to online options.

  • Investing.com12 days ago

    GameStop Rockets Higher Midday Bringing Game Makers With It

    Investing.com - Investors pushed up video game stocks midday following a report that a takeover deal could be coming soon for retailer GameStop (NYSE:GME).

  • The Wall Street Journal13 days ago

    [$$] As Videogame Market Shifts, GameStop Struggles to Boost Sales

    Videogame retailer GameStop Corp. is working to restructure its business as it searches for its fifth chief executive in a little over a year. “They’ve lost the interest of investors, and being public causes them to do things they might not otherwise do, like try to diversify” revenue, said Wedbush Securities analyst Michael Pachter. The best path forward for GameStop, he said, involves reducing debt, closing stores and going private.

  • Investing.com14 days ago

    Video Game Companies Rise Midday; Netflix Poaches Activision CFO

    Investing.com - Shares of video game companies were higher in midday trading despite news that Activision’s chief financial officer is moving to Netflix (NASDAQ:NFLX).

  • GameStop (GME) Down 16.1% Since Last Earnings Report: Can It Rebound?
    Zacks18 days ago

    GameStop (GME) Down 16.1% Since Last Earnings Report: Can It Rebound?

    GameStop (GME) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • 3 High Forward-Dividend Retailers
    GuruFocus.com20 days ago

    3 High Forward-Dividend Retailers

    The following three stocks are outclassing the S&P 500 index in terms of higher dividend yield. The benchmark for the U.S. stock market has a dividend yield of 2.12% as of Wednesday. The first stock is Stage Stores Inc. (SSI) with a share price of $1.02 at close on Wednesday.

  • Why Best Buy Stock Fell 5.7% Yesterday
    Market Realist29 days ago

    Why Best Buy Stock Fell 5.7% Yesterday

    Best Buy (BBY) stock fell 5.7% on December 17 in reaction to a downgrade by Bank of America Merrill Lynch to “underperform” from “neutral.” Bank of America Merrill Lynch also lowered its price target for Best Buy stock to $50 from $70. The downgrade reflected a likely deceleration in sales for some consumer electronics product categories, like TVs, gaming, and Apple’s (AAPL) iPhones.

  • 7 Dividend Stocks That Could Trim Their Payouts
    InvestorPlacelast month

    7 Dividend Stocks That Could Trim Their Payouts

    It also helps that interest rates have been falling (at least on the higher end of the yield curve), making dividend stocks yet more interesting. What do the long-term prospects look like for the company? OK, so what are some of the stocks that pay dividends that may, well, trim them?