Shares of GameStop (GME) slid 7.74% to $279.16 at 09:40 EST on Thursday, after two consecutive sessions in a row of gains. NYSE Composite (GME) is dropping 0.39% to $16,620.00, after three sequential sessions in a row of losses. This seems, as yet, a somewhat bearish trend exchanging session today.
GameStop’s last close was $300.00, 37.89% under its 52-week high of $483.00.
Today’s last reported volume for GameStop is 1003902 which is 91.9% below its average volume of 12399731.
News about GameStop (GME) today
Gamestop slides on stock sale plan, SEC trading investigation. According to today’s article on Bloomberg Quint, "The new share sale program announced on Wednesday enables GameStop to raise up to $1.51 billion, based on the last closing price."
BANG stocks take a hit after gamestop discloses regulators on investigating. According to today’s article on MarketWatch, "Late Wednesday, GameStop disclosed in a quarterly filing that the Securities and Exchange Commission was investigating trading activity in its stock, fell 1.7%, AMC Entertainment Holdings Inc. slid 4.0% and Nokia Corp. shed 1.1%. "
The company’s growth estimates for the present quarter and the next is 55.9% and 54.3%, respectively.
Year-on-year quarterly revenue growth declined by 3.3%, now sitting on 5.09B for the twelve trailing months.
GameStop’s last week, last month’s, and last quarter’s current volatility was 0.02%, 2.45%, and 7.21%, respectively.
GameStop’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 8.87% (last week), 7.88% (last month), and 7.21% (last quarter), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
GameStop’s stock is considered to be oversold (<=20).
GameStop’s Stock Yearly Top and Bottom Value
GameStop’s stock is valued at $279.16 at 09:40 EST, way under its 52-week high of $483.00 and way higher than its 52-week low of $3.77.
GameStop’s Moving Average
GameStop’s value is way above its 50-day moving average of $190.33 and way higher than its 200-day moving average of $120.73.
Previous days news about GameStop (GME)
Gamestop just named an Amazon alum as its new ceo, the latest in a string of executive appointments hailing from the e-commerce giant. According to Business Insider on Wednesday, 9 June, "Cohen is spearheading a company-wide "transformation" at the ailing retailer which is intended to turn GameStop into the "Amazon of gaming." To do that, he’s spent months slowly replacing leadership.", "Moving forward, we want you to judge GameStop based on our actions – not our words," Cohen told shareholders during the company’s annual meeting on Wednesday, where he was elected chairman of the board, according to a representative. "
Blackberry, AMC remain top wallstreetbets interests heading into the week, as gamestop lags behind. According to Business Insider on Monday, 7 June, "Clean Energy Fuels Corp (NASDAQ:CLNE) was on the third spot with 343 mentions, while GameStop with 281 mentions took the fourth spot.", "Investors can expect some news out of GameStop as the company is set to report its first-quarter results on Wednesday after market close."
More news about GameStop (GME).