Gamestop Corporation (GME) : Traders are bullish on Gamestop Corporation (GME) as it has outperformed the S&P 500 by a wide margin of 2.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.76%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.27% in the last 1 week, and is up 7.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.69% and the 50-Day Moving Average is 0.99%.
Gamestop Corporation (NYSE:GME): The stock opened at $28.80 on Friday but the bulls could not build on the opening and the stock topped out at $28.80 for the day. The stock traded down to $27.98 during the day, due to lack of any buying support eventually closed down at $27.99 with a loss of -2.20% for the day. The stock had closed at $28.62 on the previous day. The total traded volume was 2,468,515 shares.
The company Insiders own 2.7% of Gamestop Corporation shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -15.69%. In a related news, Shern Stephanie M, director of Gamestop Corp., unloaded 1,769 shares at an average price of $31.19 on March 29, 2016. The total amount of the transaction was worth $55,175, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.