Gamestop Corporation (NYSE:GME) has tumbled 1.43% during the past week and has dropped 8.18% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.25%. Gamestop Corporation (NYSE:GME) has underperformed the index by 9.02% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Gamestop Corporation (NYSE:GME): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.98 and $25.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.15, notching a gain of 0.85% for the day. The total traded volume was 2,594,802 . The stock had closed at $25.93 on the previous day.
The company shares have dropped -40.42% from its 1 Year high price. On Aug 14, 2015, the shares registered one year high at $47.83 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $28.80 and the 200 Day Moving Average price is recorded at $29.46.
On the companys insider trading activities,The director of Gamestop Corp., Shern Stephanie M sold 1,769 shares at $31.19 on March 29, 2016. The Insider selling transaction had a total value worth of $55,175. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Benchmark, maintains their rating on the shares of Gamestop Corporation (NYSE:GME). Benchmark has a Sell rating on the shares. As per the latest research report, the brokerage house lowers the price target to $26.33 per share from a prior target of $27.36. The rating by the firm was issued on March 28, 2016. Currently the company Insiders own 2.7% of Gamestop Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.69% . During last six month period, the net percent change held by insiders has seen a change of -34.47%.
GameStop Corp. is a multichannel video game, consumer electronics and wireless services retailer. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and a Technology Brands segment. The Video Game Brands segments include 6,206 stores, 4,138 of which are included in the United States segment. There are 331, 421, and 1,316 stores in the Canadian, Australian and European segments, respectively. Each of the Video Game Brands segments consists primarily of retail operations, with all stores engaged in the sale of video game systems, software and accessories. Its Video Game Brands stores sell various types of digital products, including downloadable content, network points cards and prepaid digital, among others. They also carry mobile and consumer electronics products, which consist primarily of mobile devices, tablets and related accessories. Its Technology Brands segment includes its Spring Mobile and Simply Mac businesses.