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GameStop's shift to trading cards and partnerships with PSA could offset declining video game sales, positioning it as a national card shop chain. GME's strong balance sheet, with over $4 billion in cash and minimal debt, provides a significant runway for reinvention and new business ventures. The trading card market's growth and synergies with video games offer GME opportunities to host leagues and tournaments and create content, enhancing customer engagement.
GameStop (GME) reported earnings 30 days ago. What's next for the stock?
GameStop (GME) stock price has moved sideways in the past few weeks as investors reflect on its recent earnings and cash raise. It was trading at $22.48 on Friday, much lower than the year-to-date high of $64.
Michael Pachter with Wedbush Securities has called Gamestop (GME) a bank with the way its leadership has handled money. He questions why people are still buying into the stock, pointing to questionable practices, lack of value, and muted communication with investors.
GRAPEVINE, Texas, Sept. 23, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously disclosed “at-the-market” equity offering program (the “ATM Program”).
GameStop Corp‘s GME stock price is up 17.04% year-to-date but down 12.43% over the past month.
GameStop Corp (NYSE:GME) CEO Ryan Cohen has agreed to pay a nearly $1 million civil penalty to settle the US Federal Trade Commission's claim he failed to report the acquisition of more than $100 million worth of Wells Fargo shares. The Hart-Scott-Rodino Antitrust Act (HSR) requires companies and individuals to report large transactions including securities acquisitions over a certain threshold to the FTC and Department of Justice, allowing federal agencies to investigate these deals before closing.
The U.S. Federal Trade Commission said on Wednesday that Ryan Cohen, managing partner of RC Ventures LLC and Gamestop CEO, would pay a nearly $1 million penalty to settle an antitrust law violation related to his acquisition of Wells Fargo & Co shares.
GameStop has announced that it will be closing even more brick-and-mortar locations in the coming year, after a disappointing earnings report.
'Mad Money' host Jim Cramer talks the sell off of former high flyer GameStop.