|Bid||5.44 x 1400|
|Ask||5.45 x 2900|
|Day's Range||5.14 - 5.49|
|52 Week Range||3.15 - 16.90|
|Beta (3Y Monthly)||-0.04|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 27, 2019 - Dec 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.89|
Investing.com - GameStop (NYSE:GME) was lower in midday trade on Tuesday after Sony (NYSE:SNE) said it would release its latest PlayStation model during the 2020 holiday season.
GameStop is once again teaming up with Extra Life to use the power of gaming for good to support Children’s Miracle Network Hospitals® (CMN Hospitals) for another year of miracle-making on behalf of sick and injured children in their communities. The funds raised by GameStop will support kids like Logan, who has Merosin deficient congenital muscular dystrophy. “Children’s Miracle Network Hospitals has been there for Logan and our family for many years starting with Logan’s first major surgery at two years of age,” said Andrea Kelm, mother of Logan, a Gundersen Health Systems patient.
Shares of the videogame retailer look set for a sixth consecutive year of double-digit losses, but four GameStop directors are making the first insider purchases in years.
General Motors, Facebook, Sam’s Club, Sony and Verizon are the companies to watch.
Columbia Sportswear, GameStop, Micron, AMD and Nvidia highlighted as Zacks Bull and Bear of the Day
MIAMI, Sept. 26, 2019 /PRNewswire/ -- Cool Holdings, Inc. (AWSM) (the "Company") today announced that it has completed the acquisition of Simply Mac, Inc., from GameStop, Inc. (GME). Simply Mac, based in Salt Lake City, Utah, is a chain of 41 retail stores across 18 states. It is an authorized reseller of Apple products and industry-leading high-profile accessory brands, and is the largest Apple Premier Partner in the U.S. Together with its 16 existing OneClick stores, the Company now operates 57 retail stores in the United States, Argentina and the Dominican Republic.
GRAPEVINE, Texas, Sept. 19, 2019 -- Attention PowerUp Rewards Pro Members – on your marks, get set, shop! Beginning Sept. 20-22, GameStop will be celebrating its third PRO DAY.
GameStop (GME) is battling with soft sales owing to consumers' inclination toward buying games and gaming consoles. Nevertheless, the company is on track with its savings plan and strategic efforts.
GameStop (NYSE:GME) had another terrible week in a year where the retailer has had a lot of terrible weeks. A close look at GameStop stock looks like proof of the adage, "if you don't know what path to take, you already know where you're going"… which, in this case, is likely nowhere.Source: Shutterstock GME's second quarter earnings report on September 10 failed to meet already-low expectations. Not surprisingly, GME stock fell 10% the next day. For the year, GameStop stock is down 65% and over 70% since hitting its high for the year on January 18. Investors are Saying its 'Game Over'GME stock is cheap, despite all attempts at a rally. Even after its disappointing earnings report, GameStop stock has remained above its 20-day moving average with an RSI in the mid-50's. Unfortunately, the last time GME featured this combination of a stock price above its moving average and an RSI at this level was in January. The stock collapsed shortly thereafter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd what tells an even grimmer story for GME stock is that there have been only five trading days this year that saw the stock trade with significant volume. On four of those five days, the volume has been predominantly selling volume with the lone exception seen on August 22. These Stories Seem to Have the Same EndingThe last of our local video stores closed recently. I had been in the store about four months early. The only reason I went there was to find a few titles that were not on Netflix (NASDAQ:NFLX). Walking through the store with cut rate prices and a shopper experience out of the 90s, I couldn't help but wonder how it was still in business. I guess my question got answered. * 10 Stocks to Sell in Market-Cursed September Now let's fast forward to last month and the release of Madden 20. I bought it for my son as an off-to-college gift. Ironically, we bought it at GameStop, but only because it was sold out at another store. We actually had to drive into the strip mall to check if it was still open. Walking into the GameStop, I had that deja vu all over again from the video store. A cluttered shopping experience and that "hmmm" of just how was it staying in business. Oh, and the clerk couldn't find me in their system. GME's Failing Business ModelThe move to digital made renting movies from a store, and the hardware required to play them, obsolete. The same thing is happening to GameStop. More gamers are downloading online titles directly to their console. The middleman is not necessary. True, the company will still have some relevance. The new gaming consoles arriving in 2020 will still have disk drives, ensuring that popular titles will still require a disk.But GameStop lost the exclusivity of its stores as retailers like Best Buy (NYSE:BBY), Walmart (NYSE:WMT) and Target (NYSE:TGT) entered the market. The company had a brief resurgence when it began selling high-margin, pre-owned video games. But sales of those games are also falling -- upending a strategy to be one of the few places that buy video games -- and the retailer is not going to be able to rely on new hardware sales, even with the new gaming consoles. Management Pledges a New PathFacing investor pressure, management has plans for GameStop to blaze a new path. On the post-earnings conference call, CEO George Sherman said the company was going to be embracing esports in a big way, saying he hopes the company's stores will become an experience for gamers. "We are committed to creating a social and cultural hub of gaming within each GameStop store, online and within the digital environment," he told analysts. * 10 Battered Tech Stocks to Buy Now I wonder if management is committed to that path. After the disappointing earnings report there was talk about "de-densifying" its footprint (i.e., up closing as many as 200 stores) and taking other efficiency measures, such as a stock buyback program and eliminating its dividend (which it did in June), as a path back to profitability. What's Next for GME Stock?I can see a situation where GameStop becomes a major sponsor for esports events, as Zacks suggested. It does have a strong cash position and as long as management is not using the cash on a dividend, why not? But I'm less sure if the "store as a hangout" model works.Gamers today are comfortable -- more comfortable in fact -- playing their friends or strangers online in the privacy of their own home. Having gamers go to a GameStop to watch other people compete, or even to game themselves, would be kind of like watching a movie at a video store. But that's not taking a bold new path, it's trying to landscape the path they're on, and that doesn't lead anywhere I want to touch as an investor.As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post GameStop Stock is On a Path That Leads to Nowhere appeared first on InvestorPlace.
GameStop (GME) shares have been sliding after the video game retailer reported disappointing Q2 earnings after the closing bell on Tuesday.
News about GameStop stores closing is spreading follow the release of the company's earnings report for its fiscal second quarter of 2019.Source: Emil O / Shutterstock.com GameStop (NYSE:GME) says that it will be closing down between 180 and 200 stores by the end of its fiscal year. These are under performing stores for the chain and it hopes to strengthen the company by closing them down.The plan for GameStop stores closing is part of a larger effort for GME. This is what the company is calling its GameStop Reboot. The goal is to shift the company to become a cultural center for gaming while also rationalizing its store count and build up a digital platform.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGameStop stores closing might not be a bad thing for the company. As more customers turn to online shopping and digital purchases, it's hard to argue that the chain needs to have 5,700 stores across the world. Especially when many of its stores are within a short distance of each other. * 10 Battered Tech Stocks to Buy Now "While we experienced sales declines across a number of our categories during the quarter, these trends are consistent with what we have historically observed towards the end of a hardware cycle," Jim Bell, CFO of GameStop, said in a statement. "We will continue to manage the underlying businesses to produce meaningful cash returns, while maintaining a strong balance sheet and investing responsibly in our strategic initiatives."GME stock was down 1% as of Thursday afternoon and is down 64% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.The post Up to 200 GameStop Stores Closing in 2019 appeared first on InvestorPlace.