Gamestop Corporation (GME) : Traders are bullish on Gamestop Corporation (GME) as it has outperformed the S&P 500 by a wide margin of 10.66% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.52%, 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 0.45% in the last 1 week, and is up 14.38% 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 6.6% and the 50-Day Moving Average is 10.59%. GameStop Corp. has dropped 4.4% during the last 3-month period . Year-to-Date the stock performance stands at 13.1%.
Gamestop Corporation (NYSE:GME): On Fridays trading session , Opening price of the stock was $31.25 with an intraday high of $31.25. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $30.56. However, the stock managed to close at $30.95, a loss of 0.71% for the day. On the previous day, the stock had closed at $31.17. The total traded volume of the day was 1,597,303 shares.
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.