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Shares of GameStop Corp. were up 3.7% in extended trading Thursday after Chief Executive Ryan Cohen increased his stake in the videogame retailer and original meme stock.
GameStop has transformed from a video game retailer to a cash-rich company, holding $4.8 billion in cash out of $5.9 billion in total assets. CEO Ryan Cohen aims to leverage GME's cash and brand to create a new-age investment holding company, with crypto as a primary target. GME's unique position and loyal investor base provide an opportunity to pursue investment initiatives for mutual profit, including in the crypto and blockchain space.
GME, WGS and APP are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
WallStreetBets (WSB) burst onto the investing scene in early 2021 as retail investors banded together to take on institutional players. The popular trading subreddit led a short squeeze against hedge funds with large short positions in GameStop NYSE: GME.
Shares of Newsmax continued to rise on Tuesday following a massive public debut on Monday, in which shares shot up more than 700% for the best-performing first day since 2022.
Robust online betting demand bodes well for the Gaming industry. Stocks like GME and SGHC benefit from improving industry trends.
Analysts at Wedbush have boosted their price target on GameStop Corp (NYSE:GME) after the video game retailer unveiled the pricing of its offering of $1.3 billion convertible senior notes. The company said the conversion rate to the notes will initially be 33.4970 shares of Class A common stock per $1,000 principal amount of such notes.
Zacks.com users have recently been watching GameStop (GME) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Management is betting perhaps that the Trump administration's love of the digital coin on top of crypto speculation will help more people forget the vicissitudes of its real business, and shares would fly.
GameStop said it expects to close a “significant number” of stores in fiscal 2025 after closing 970 stores in fiscal 2024.