GameStop Corp. (NYSE:GME – Get Free Report) insider Daniel William Moore sold 7,779 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $10.20, for a total value of $79,345.80. Following the sale, the insider now owns 13,606 shares in the company, valued at approximately $138,781.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Daniel William Moore also recently made the following trade(s):
- On Monday, April 8th, Daniel William Moore sold 526 shares of GameStop stock. The stock was sold at an average price of $11.25, for a total transaction 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 transaction of $12,213.72.
GameStop Price Performance
GameStop stock opened at $11.21 on Friday. The firm has a market capitalization of $3.43 billion, a P/E ratio of 560.78 and a beta of -0.45. The business has a 50-day moving average of $12.88 and a 200-day moving average of $14.09. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $27.65.
Hedge Funds Weigh In On GameStop
Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc raised its stake in GameStop by 99.7% during the 3rd quarter. IFP Advisors Inc now owns 2,708 shares of the company’s stock worth $45,000 after buying an additional 1,352 shares during the period. SG Americas Securities LLC raised its position in shares of GameStop by 399.9% during the third quarter. SG Americas Securities LLC now owns 23,787 shares of the company’s stock worth $392,000 after purchasing an additional 19,029 shares during the period. Exchange Traded Concepts LLC raised its position in shares of GameStop by 278.9% during the third quarter. Exchange Traded Concepts LLC now owns 6,567 shares of the company’s stock worth $108,000 after purchasing an additional 4,834 shares during the period. Xponance Inc. lifted its holdings in shares of GameStop by 2.7% during the 3rd quarter. Xponance Inc. now owns 32,094 shares of the company’s stock valued at $528,000 after purchasing an additional 854 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of GameStop by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,137,069 shares of the company’s stock valued at $35,176,000 after purchasing an additional 16,875 shares during the period. Institutional investors and hedge funds own 29.21% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on GME. Wedbush reduced their target price on shares of GameStop from $6.00 to $5.60 and set an “underperform” rating on the stock in a research report on Wednesday, March 27th. StockNews.com raised GameStop from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th.
Check Out Our Latest Stock Report on GME
About GameStop
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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