GameStop Corp. ($GME) Stock Forecast: Up 8.3% Today

What is GameStop Corp.?

GameStop (GME) is a video game retailer recognized for its physical stores and recent participation in the meme stock phenomenon. The stock has experienced significant fluctuations over the last year due to interest from individual investors and internal operational challenges.

Why is GameStop Corp. going up?

GME stock is up 8.3% on Dec 11, 2024 19:03

• GameStop surpassed expectations with its Q3 earnings despite a 20% decline in year-over-year sales, sparking positive movement in the stock.
• The company's ability to generate profit amidst declining revenues and its decision to refrain from additional offerings for the remainder of the fiscal year have instilled confidence in investors.
• GameStop's strong performance over the past two decades and its market capitalization of $12.48 billion demonstrate its resilience and growth potential.
• Investors are keenly observing GameStop for any strategic indications, including the potential inclusion of Bitcoin on its balance sheet, which could further enhance positive sentiment and stock performance.

GME Price Chart

GME Technical Analysis

GME News

GameStop Q3 Earnings Beat Despite Sales Decline of 20% Y/Y

GME's fiscal third-quarter sales decline Y/Y, due to decreases across all major categories, including hardware & accessories, software and collectibles.

https://www.zacks.com/stock/news/2382273/gamestop-q3-earnings-beat-despite-sales-decline-of-20-yy

Why GameStop Stock Is Up Wednesday - GameStop ( NYSE:GME )

GameStop Corp. GME stock rose by 3% in premarket hours on Wednesday as the company swung to profit despite a dip in its revenue. However, technical analysis of the GME stock based on simple moving averages shows that it is oscillating within a defined range.

https://www.benzinga.com/markets/equities/24/12/42431772/gamestop-stock-rises-despite-a-sales-decline-as-the-company-swings-back-to-profitability-technic

GameStop Q3 Earnings: Revenue Miss, $4B+ Cash, No More Offerings Planned In Fiscal Year - GameStop ( NYSE:GME )

GameStop reports adjusted earnings per share of 6 cents. Video game retailer GameStop Corp GME reported third-quarter financial results after the market close Tuesday. What Happened: GameStop reported third-quarter net sales of $860.3 million, down from last year's third-quarter total of $1.08 ...

https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year

$1000 Invested In This Stock 20 Years Ago Would Be Worth This Much Today - GameStop ( NYSE:GME )

GameStop GME has outperformed the market over the past 20 years by 4.07% on an annualized basis producing an average annual return of 12.52%. Currently, GameStop has a market capitalization of $12.48 billion.

https://www.benzinga.com/insights/news/24/12/42415665/1000-invested-in-this-stock-20-years-ago-would-be-worth-this-much-today

GameStop Q3 Earnings Preview: Investors Want Bitcoin On Balance Sheet, Analyst Wants 'Hint Of Any Strategy' - GameStop ( NYSE:GME )

GameStop Corp. GME could provide a peek at holiday shopping demand when it reports third-quarter earnings after market close Tuesday. Earnings Estimates: Analysts expect the video game to report third-quarter revenue of $887.7 million.

https://www.benzinga.com/general/gaming/24/12/42397928/gamestop-q3-earnings-preview-investors-want-bitcoin-on-balance-sheet-analyst-wants-hint-of-any-str

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GameStop Corp. Price History

06.11.2024 - GME Stock was up 5.3%

• GameStop (GME) surged nearly 65%, reaching new all-time highs.
• The resurgence of a prominent figure, known as Roaring Kitty, on social media influenced a sharp increase in GameStop-related cryptocurrencies, contributing to the stock's upward trend.
• Retail investors supported meme stocks like GameStop and AMC Entertainment, following Roaring Kitty's renewed engagement, which intensified the positive market outlook.
• The market showed optimism towards GameStop's upcoming Q3 earnings, alongside Roaring Kitty's online activity, enhancing the overall sentiment surrounding the stock.

06.11.2024 - GME Stock was up 6.8%

• GameStop (GME) saw a significant surge of nearly 65% in the last 24 hours, setting new all-time highs, fueled by the return of legendary trader Keith Gill, also known as Roaring Kitty.
• Roaring Kitty's cryptic social media post sparked speculation and excitement among retail traders, leading to a surge in GameStop-themed meme coins and a bullish movement in GME stock.
• The resurgence of interest in GameStop comes at a time when meme stocks, including AMC Entertainment, are experiencing renewed activity, driven by retail investor enthusiasm and social media influence.
• The market movement of GME today reflects the power of social media influencers and the impact of retail investor sentiment on stock prices in the current trading landscape.

11.11.2024 - GME Stock was up 8.3%

• GameStop surpassed expectations with its Q3 earnings despite a 20% decline in year-over-year sales, sparking positive movement in the stock.
• The company's ability to generate profit amidst declining revenues and its decision to refrain from additional offerings for the remainder of the fiscal year have instilled confidence in investors.
• GameStop's strong performance over the past two decades and its market capitalization of $12.48 billion demonstrate its resilience and growth potential.
• Investors are keenly observing GameStop for any strategic indications, including the potential inclusion of Bitcoin on its balance sheet, which could further enhance positive sentiment and stock performance.

29.10.2024 - GME Stock was down 5.1%

• The bearish movement in GameStop (GME) today can be attributed to the notably bearish stance taken by whales with significant capital in the options market, as indicated by recent trades.
• The market sentiment towards GameStop seems to have shifted towards a more pessimistic outlook, with deep-pocketed investors adopting a bearish approach, which has likely contributed to the downward pressure on the stock.
• Speculation around GameStop potentially following MicroStrategy and Rumble Inc into Bitcoin investments may have diverted attention and capital away from the stock, impacting its performance negatively.
• Despite the broader market dip, GameStop's specific bearish dynamics in the options market have played a significant role in today's downward movement, highlighting the importance of monitoring investor sentiment and trading patterns.

26.10.2024 - GME Stock was up 8.2%

• Despite opposition from affluent investors, GameStop's stock witnessed a significant surge today.
• The conflicting viewpoints of retail and institutional investors likely contributed to the increased volatility in GME.
• The frenzy over GameStop's options may have triggered a short squeeze, boosting the stock price as bearish investors covered their positions.
• Today's market activity in GME illustrates the ongoing clash between retail traders and institutional investors, resulting in a highly uncertain trading landscape for the stock.

26.10.2024 - GME Stock was up 8.2%

• GameStop (GME) experienced a strong bullish movement despite deep-pocketed investors adopting a bearish approach towards the stock.
• Speculation around GameStop and AMC potentially following MicroStrategy and Rumble into Bitcoin could have fueled investor optimism and contributed to the bullish momentum.
• The possibility of GameStop diversifying its treasury funds into Bitcoin, similar to MicroStrategy, might have intrigued investors, leading to increased buying interest in the stock.
• The options frenzy surrounding GameStop could have also played a role in the bullish movement, with retail traders potentially driving up the stock price through increased buying activity.

10.11.2024 - GME Stock was down 6.2%

• GameStop's bearish movement today could be attributed to profit-taking by investors after a recent surge in the stock price.
• The anticipation of GameStop's Q3 earnings report may have led to uncertainty among investors, especially regarding the company's strategy and potential inclusion of Bitcoin on its balance sheet.
• The return of Roaring Kitty, a prominent figure in the GameStop saga, and the spike in GameStop-themed cryptocurrencies might have added to the speculative frenzy surrounding the stock, contributing to increased volatility.
• Overall market conditions, such as the broader market indices closing in the red, could have also influenced the bearish movement in GameStop today.

10.11.2024 - GME Stock was down 5.4%

• Despite high expectations for Q3 earnings, GameStop faced significant downward pressure.
• The resurgence of Roaring Kitty and social media speculation likely fueled increased stock volatility and selling pressure.
• The rise of GameStop-themed memecoins and the overall craze around meme stocks may have diverted attention and trading activity from GameStop.
• AMC Entertainment Holdings Inc. stock saw positive movement driven by retail investors and Roaring Kitty, potentially detracting focus from GameStop and impacting its performance adversely.

11.11.2024 - GME Stock was up 5.1%

• Despite a decrease in revenue, GameStop's stock saw a 3% increase in premarket trading, displaying resilience amidst underlying challenges.
• Investors may be encouraged by the company's shift to profitability and its robust cash reserves exceeding $4 billion.
• Market sentiment appears optimistic, potentially fueled by speculation linking GameStop to Bitcoin and anticipated demand during the holiday season.
• GameStop's performance over the last two decades highlights its enduring growth potential, attracting a diverse range of investors.

05.11.2024 - GME Stock was up 7.2%

• GME stock had a strong bullish movement today, surging in response to renewed activity from Keith Gill, also known as "Roaring Kitty."
• The surge in GME stock price was further fueled by Roaring Kitty's tweet signaling his return, generating excitement among retail investors.
• The positive market movement can be attributed to the influence of meme stock culture and the involvement of high-profile retail investors like Roaring Kitty, driving up interest and trading activity in GME.

05.11.2024 - GME Stock was up 10.8%

• GameStop (GME) stock had a strong bullish movement today, closing at $27.44 with a +0.62% change compared to its last close.
• Despite some investors taking a bearish stance on GME, the overall market sentiment was positive, leading to an increase in the stock price.
• The bullish movement could be attributed to positive market returns and investor optimism about the company's future prospects.
• It seems that despite some bearish sentiment from whales, the overall market sentiment and performance of GME were strong, leading to a bullish movement in the stock price.

02.11.2024 - GME Stock was down 5.3%

• The bearish movement in GME today may be linked to a bearish stance held by significant traders in the options market, with many investors betting on a downward trajectory.
• Despite market volatility, GME showed slight gains in the latest trading session, demonstrating its resilience amid broader economic challenges.
• Speculation surrounding GME potentially investing treasury funds in Bitcoin, similar to actions taken by other companies like MicroStrategy, could have fueled uncertainty and contributed to negative sentiment surrounding the stock.