Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The apparent resurgence in the US meme-stock madness shows there are still plenty of idiots mucking around in public markets. Just not in the places you may think. This week, the man, the meme master,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. GameStop has announced plans to sell up to 45mn new shares, following a week in which its stock soared after the re-emergence of a popular day trader synonymous with “meme stock” investing. The video game…
101cats/iStock via Getty Images Introduction GameStop (NYSE:GME) has seen an 80% rally in the last 5 days, with a massive jump after a tweet from its prolific investor Keith Gill, or Roaring Kitty as he is known on the internet. I wanted to look at the company’s performance throughout 2023 and see if it is…
Dennis Diatel Photography While its stock is nowhere near the peak it reached during the meme stock mania of 2021, GameStop Corp. (NYSE:GME) has the potential to rebound from current levels, in my opinion, when it posts its Q4 and full year 2023 results on March 26 after market close. Analysts expect the video game…
Keith Lance In April, I started coverage of GameStop (NYSE:GME) with a “Sell” rating, saying there was a secular shift away from physical video games and the stock looked overvalued. More recently, in October, I said the company wouldn’t be able to cut its way to success. Let’s catch up on the name. Company Profile…
GameStop gives CEO complete control to buy stocks from the company’s cash books, however, analysts have given a major red flag on this. Gaming retailer GameStop Corp (NYSE: GME) is taking a shift in its approach while allowing its CEO and chair Ryan Cohen to gain even more control in these struggling times. This includes…
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Scott Olson Thesis GameStop Corp. (NYSE:GME) is a retail company that offers games and entertainment products through its physical stores and e-commerce platforms. As of Jan 28, 2023, it has over 4413 stores across its four geographical segments, the majority of which are in the U.S. (2949). GME stock has been falling since 2021 due…
NicolasMcComber/iStock Unreleased via Getty Images Back in April, I wrote that GameStop (NYSE:GME) was facing numerous headwinds and that the valuation didn’t make much sense, placing a “Sell” rating on the name. With the stock down over -20% since then and down -35% since I reiterated my “Sell” rating, let’s catch-up on the video game…
Michael M. Santiago Listen below or on the go on Apple Podcasts and Spotify Shares rise as meme crowd favorite Cohen takes GameStop (GME) top spot. (0:15) ChatGPT goes real time. (2:55) S&P ETF is the most oversold it’s been in a year. (3:25) This is an abridged transcript of the podcast. Our top story…
Michael M. Santiago/Getty Images News Former meme stock darling GameStop (NYSE:GME) is due to report earnings again. The last time I covered GameStop, the stock had plummeted into the Q3 earnings release, and I upgraded the stock from sell to hold. That was several months ago, and we’ve seen big rallies, but most recently, an…
Spencer Platt The GameStop (NYSE:GME) rally driven by the Reddit crowd has been one of the most exciting market events in recent times. I’m sure everyone who watches the stock market knows the story by now. However now that GME stock has somewhat fallen back to earth, has this meme-rally saved the business? Taking a…