GameStop Corp. (NYSE:GME – Get Free Report) insider Daniel William Moore sold 7,779 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $10.20, for a total value of $79,345.80. Following the completion of the transaction, the insider now directly owns 13,606 shares in the company, valued at $138,781.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Daniel William Moore also recently made the following trade(s):
- On Monday, April 8th, Daniel William Moore sold 526 shares of GameStop stock. The shares were sold at an average price of $11.25, for a total value of $5,917.50.
- On Tuesday, April 2nd, Daniel William Moore sold 1,052 shares of GameStop stock. The shares were sold at an average price of $11.61, for a total value of $12,213.72.
GameStop Price Performance
Shares of GME stock opened at $11.90 on Monday. The stock’s fifty day simple moving average is $12.84 and its 200 day simple moving average is $14.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.11 and a quick ratio of 1.44. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 595.00 and a beta of -0.45. GameStop Corp. has a one year low of $9.95 and a one year high of $27.65.
Hedge Funds Weigh In On GameStop
A number of institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc raised its position in shares of GameStop by 99.7% during the third quarter. IFP Advisors Inc now owns 2,708 shares of the company’s stock worth $45,000 after acquiring an additional 1,352 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of GameStop by 399.9% in the third quarter. SG Americas Securities LLC now owns 23,787 shares of the company’s stock worth $392,000 after acquiring an additional 19,029 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of GameStop by 278.9% in the third quarter. Exchange Traded Concepts LLC now owns 6,567 shares of the company’s stock worth $108,000 after acquiring an additional 4,834 shares in the last quarter. Xponance Inc. increased its holdings in shares of GameStop by 2.7% in the third quarter. Xponance Inc. now owns 32,094 shares of the company’s stock worth $528,000 after acquiring an additional 854 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of GameStop by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 2,137,069 shares of the company’s stock worth $35,176,000 after acquiring an additional 16,875 shares in the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. StockNews.com raised GameStop from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Wedbush decreased their price objective on GameStop from $6.00 to $5.60 and set an “underperform” rating on the stock in a report on Wednesday, March 27th.
Read Our Latest Stock Report on GameStop
GameStop Company Profile
GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.
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