3-Oct-2024
GME Bull Call Spread is Undervalued by 21 Cents
Market Chameleon (Mon, 30-Sep 1:37 PM ET)
GME Overpriced Bull Put Spread has 5% Downside Cushion
Market Chameleon (Mon, 30-Sep 10:52 AM ET)
GameStop Completes At-The-Market Equity Offering Program
Globe Newswire (Mon, 23-Sep 4:05 PM ET)
GameStop Discloses Second Quarter 2024 Results
Globe Newswire (Tue, 10-Sep 4:05 PM ET)
GME Markets are Pricing a Giant Earnings Move
Market Chameleon (Tue, 10-Sep 10:04 AM ET)
Globe Newswire (Wed, 28-Aug 9:00 PM ET)
GameStop Announces Release Date for Second Quarter Fiscal 2024 Results
Globe Newswire (Tue, 27-Aug 5:37 PM ET)
GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.
Gamestop trades on the NYSE stock market under the symbol GME.
As of October 3, 2024, GME stock price declined to $21.20 with 4,439,379 million shares trading.
GME has a beta of 1.20, meaning it tends to be more sensitive to market movements. GME has a correlation of 0.04 to the broad based SPY ETF.
GME has a market cap of $9.47 billion. This is considered a Mid Cap stock.
Last quarter Gamestop reported $798 million in Revenue and $.01 earnings per share. This fell short of revenue expectation by $-97 million and exceeded earnings estimates by $.10.
In the last 3 years, GME traded as high as $64.83 and as low as $9.95.
The top ETF exchange traded funds that GME belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.
GME has outperformed the market in the last year with a price return of +37.8% while the SPY ETF gained +34.5%. However, in the short term, GME had mixed performance relative to the market. It has underperformed in the last 3 months, returning -11.6% vs +3.7% return in SPY. But in the last 2 weeks, GME shares have fared better than the market returning +7.9% compared to SPY +1.5%.
GME support price is $20.60 and resistance is $22.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GME shares will trade within this expected range on the day.