Shares of video game stocks Activision Blizzard (ATVI -0.22%) and Take-Two Interactive (TTWO -0.75%) plunged on Monday, after investors got word that Pfizer's vaccine has been highly effective in a large clinical trial.
Full Answer
What happened to GameStop stock?
Here’s what happened to GameStop stock: Small investors on Reddit overwhelmed the investing pros. AMC may be the next battleground. To those outside of it, the stock market can be a bit of a black box.
Is (game) a good stock to buy now?
Only 5.11% of the stock of (GAME) is held by institutions. Earnings for (GAME) are expected to grow in the coming year, from ($0.80) to ($0.61) per share. (GAME) has a P/B Ratio of 1.86. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Is (GAME) a buy right now?
Is the video game industry the center of attention in stock market?
It has been a weird time in the stock market, where a video game retailer has suddenly become the center of attention. As a subscriber, you have 10 gift articles to give each month.
What happens if the price of a stock goes up?
If the price rises, the trader can buy the stock at a bargain and sell it for a profit. (In practice, lots of traders just sell the options contract itself for a profit or loss instead of actually buying the shares, but this description suffices for our purposes.)
What happened with GameStop stock in 2021?
Stocks of video game retailer GameStop exploded in January 2021, effectively doubling in value on a daily basis. At the close of trading on January 27, GameStop Corporation's stock price reaching 347.51 U.S. dollars per share - or +134 percent compared to the day before.
Why is GameStop stock going down?
The consumer electronics industry was pinched by supply chain shortages, the rise of the omicron variant of COVID-19, and declining demand for products in the video game niche compared to a year earlier. Each of those challenges likely affected GameStop over the holiday selling period, too.
Whats happen with GameStop stock?
Since January 2021, GameStop's stock price has seesawed. As of the close bell Friday, the share price was at $98.50, which is still more than what financial analysts say the company is worth. "The share price remains disconnected from the fundamentals," said Wedbush analyst Michael Pachter.
What happened with the GameStop short squeeze?
CNN reported that the drop was partly due to restrictions imposed by Robinhood and other brokers on the number of shares that could be purchased at once by their clients. The short squeezed securities' prices continued to decline during the week.
Should I still buy GameStop stock?
Gamestop (GME) stock is likely to decline after the current overheated rally. The stock can still be profitable in the long term if revenue growth stays consistent. But investors should avoid buying GME stock due to the high short-term risk.
Is GameStop a buy or sell?
GameStop has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 2 sell ratings.
Will GME short squeeze again?
GameStop's share price also went through a large drop in pricing. A short squeeze, one year after GME gained traction on WallStreetBets, is unlikely to happen.
What is GameStop scandal?
There's was also a lawsuit filed on Jan. 28 in the Southern District of New York accusing Robinhood of "purposefully, willfully, and knowingly removing the stock 'GME' from its trading platform in the midst of an unprecedented stock rise ... deprived retail investors of the ability to invest in the open-market."
What has GameStop done with the money?
The company erased its long-term debt, paying off everything "other than a $47.5 million low-interest loan associated with the French government's pandemic response." While not enough on its own to reverse GameStop's loss of sales over time, freedom from debt will likely be a meaningful benefit to the company going ...
How much did short sellers lose on GameStop?
GameStop Short Sellers Lose $200 Million In August Extending Their Losses As Shorted Shares Continue To Drop.
How much did Melvin capital lose on GameStop?
Melvin, which lost nearly $7 billion early last year by betting on stocks like GameStop (GME.
How long will GameStop squeeze last?
The typical short squeeze lasts one or perhaps two days, with the major price spikes often happening overnight. GameStop has been broadly rallying for two weeks now, if not longer, with some big swings during trading hours.
Is (GAME) a buy right now?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for (GAME) in the last twelve months. There are currently 1 buy rating for the...
When is (GAME)'s next earnings date?
(GAME) is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022. View our earnings forecast for (GAME) .
How were (GAME)'s earnings last quarter?
(GAME) (NASDAQ:GAME) issued its earnings results on Thursday, April, 14th. The technology company reported ($0.49) EPS for the quarter, missing the...
What price target have analysts set for GAME?
1 brokerages have issued twelve-month price objectives for (GAME)'s shares. Their forecasts range from $14.00 to $14.00. On average, they expect (G...
Who are some of (GAME)'s key competitors?
Some companies that are related to (GAME) include EBET (EBET) , Bowl America (BWL.A) , Kidoz (KDOZF) , Pop Culture Group (CPOP) , Esports Ente...
What other stocks do shareholders of (GAME) own?
Based on aggregate information from My MarketBeat watchlists, some companies that other (GAME) investors own include American Express (AXP) , Aka...
What is (GAME)'s stock symbol?
(GAME) trades on the NASDAQ under the ticker symbol "GAME."
Who are (GAME)'s major shareholders?
(GAME)'s stock is owned by a number of retail and institutional investors. Top institutional shareholders include Concourse Financial Group Securit...
What is (GAME)'s stock price today?
One share of GAME stock can currently be purchased for approximately $0.92.