15.52 0.00 (0.00%)
After hours: 7:03PM EDT
|Bid||0.00 x 900|
|Ask||15.69 x 800|
|Day's Range||15.11 - 15.69|
|52 Week Range||12.20 - 22.37|
|PE Ratio (TTM)||408.42|
|Earnings Date||Aug 22, 2018 - Aug 27, 2018|
|Forward Dividend & Yield||1.52 (10.89%)|
|1y Target Est||14.20|
Yahoo Finance’s Seana Smith on the stocks making headlines in intraday trading Tuesday.
After a three and a half year slide that saw its stock fall from $47 to under $13, GameStop Corp. (NYSE:GME) has been on an upswing for the past week. On Monday, rumors began circulating that GameStop was exploring the possibility of a buyout, resulting in GME stock rising as much as 11%. On Tuesday morning, Reuters published a report that claimed GameStop was “holding talks with private equity firms about a potential transaction after receiving buyout interest.” CNBC followed up with a report that Sycamore Partners was an interested party.
GME stock has rallied nearly 25% from $13 to $16 over the past few trading days as go-private rumors have turned into a reality. Reuters first reported that GameStop was in talks to sell itself after receiving private equity interest. Retail private equity firm Sycamore Partners, who is behind retail companies like Hot Topic and Staples, was rumored to be one of the interested buyers.
GameStop (GME) grapples with shrinking sales in core business, dampened by intense competition and unstable leadership positions.
GRAPEVINE, Texas, June 20, 2018-- GameStop announced today Walmart Stores, Inc. merchandising veteran, Dawn Henry, will join the company as vice president of its ThinkGeek division.. In this role, Dawn ...
NEW YORK, NY / ACCESSWIRE / June 20, 2018 / Astrotech was on a rocket in Tuesday trading, soaring over 200% after it was announced by its subsidiary, 1st Detect, that its new explosives trace detector (ETD), the TRACER 1000, will enter the European Civil Aviation Conference (ECAC)'s Common Evaluation Process (CEP) for airport checkpoint screening of passengers and cargo. Shares of GameStop continued to soar on Tuesday after the company confirmed that it is indeed in talks with third parties to explore a sale. Astrotech Corporation was one of the biggest winners on the NASDAQ in Tuesday trading, closing the day up over 226%.
As a veteran of the videogame business, GameStop knows well the value of extra lives. This followed a report by Reuters that one of those parties was Sycamore Partners, a private-equity firm that specializes in struggling retailers. The news has boosted GameStop’s stock price more than 11% over the last two days, though the shares remain down nearly 14% for the year and were recently trading at their lowest level since 2005.
GameStop (GME) confirmed Tuesday that it was in “exploratory discussions” about a potential transaction, making official what had been scuttlebutt for weeks—and reported by Reuters a day earlier. The Barron’s Next 50 company’s announcement, three sentences long, was essentially boilerplate: It confirmed discussions, didn’t say with whom, and said it didn’t plan to comment further.
Recent reports claim that GameStop Corp. has been in talk with several private equity firms about a potential deal to take it private. Among these firms is Sycamore Partners, which reportedly has an interest in the video game retailer. Anonymous sources claim that GME is getting help from financial advisors for its discussions with these private equity firms.
GameStop Corp. ( GME) shares rose more than 2% on Tuesday, following a 9% increase on Monday, after the company confirmed that it's holding "exploratory discussions" with possible suitors. According to Reuters, Sycamore Partners is one of the private equity firms interested in the company. The move comes shortly after Netflix, Inc. ( NFLX) unveiled plans to partner with Telltale Games and add basic games to its offerings, including a "Stranger Things" theme and a version of "Minecraft." The games will be delivered through video files and controlled through a remote equipped with gaming buttons.
GameStop is confirming that it's in talks after a report on Monday that it was in discussions with private-equity firms.
Let's put Gamestop Corporation (GME) stock into this equation and find out if it is a good choice for value-oriented investors right now.
Stock movements reflect premarket trading. asking his administration to identify a new list of $200 billion in Chinese goods that would be penalized with tariffs, a move that could affect multinational industrial firms like Boeing. Apple Inc.—Down 1.8%: The New York Times reported that the Trump administration has promised not to place tariffs on iPhones, which are manufactured in China.
GameStop has struggled with leadership issues recently, while its core business has faced declining sales for the past several years as more people download games directly to consoles, computers and mobile devices, bypassing traditional retail stores. Former CEO Michael Mauler left the post in May after only three months on the job. Days after naming Mr. Mauler as CEO in February, the company fired its chief operating officer and its executive vice president of strategic business and brand development.
On Monday, Reuters reported that the Grapevine, Texas-based company was in discussions with private equity firms about a potential deal after receiving buyout interest. Sycamore Partners is one of the firms that has expressed interest, Reuters reported. GameStop's shares, which ended about 9 percent higher on Monday, dipped 1.3 percent in choppy trading before the bell on Tuesday.
Videogame and electronics retailer GameStop Corp confirmed on Tuesday that it is in exploratory talks with third parties about a possible transaction. On Monday, Reuters reported that the Grapevine, Texas-based company was in discussions with private equity firms about a potential deal after receiving buyout interest. Sycamore Partners is one of the firms that has expressed interest, Reuters reported.
NEW YORK, NY / ACCESSWIRE / June 19, 2018 / U.S. markets finished mostly lower on Monday, with the Dow logging its 5th straight decline, on fears of growing trade tensions between the U.S. and China. The ...
GameStop Corp., the long-ailing video-game retailer, confirmed that it’s holding deal talks with possible suitors, backing up a report that sent the stock soaring on Monday. GameStop kicked off its biggest rally in more than three years on Monday, following a Reuters report that it had drawn takeover interest from private equity firms. It’s possible that GameStop could fetch $20 a share if private equity buyers pursue a leveraged buyout, according to Credit Suisse Group AG analyst Seth Sigman.
Shares of GameStop Corp. are up 2.8% in premarket trading Tuesday after the company confirmed that it was holding talks about a potential sale of the company. In a release, GameStop referred to the talks as "exploratory discussions" and cautioned that "there can be no assurance any agreement will result from these discussions." GameStop's stock gained 8.9% in Monday's session after Reuters reported that the company had hired a financial advisor to help as it undergoes these discussions. GameStop shares are down 27% over the past 12 months, while the S&P 500 has gained 14%.