Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated. The company said the shares will be sold through an “at-the-market” offering, which lets a publicly traded company raise capital.
Full Answer
Should I Buy GameStop shares?
Apr 12, 2022 · 2 Wall Street analysts have issued 12 month price objectives for GameStop's shares. Their forecasts range from $30.00 to $146.00. On average, they anticipate GameStop's stock price to reach $88.00 in the next twelve months. This suggests that the stock has a possible downside of 41.6%.
Where to Buy GameStop shares?
What happened. Shares of GameStop ( GME 3.76%) surged in early trading on Monday, propelled by a document filed with the Securities and Exchange Commission on Friday. There's a …
How to Buy GameStop shares?
2 days ago · What happened GameStop (NYSE: GME) shareholders lost ground to the market on Monday as the stock had fallen 7% by 3 p.m. ET compared to a slight uptick in the S&P 500. The specialty retailer is...
Should I Buy GameStop now?
2 days ago · GameStop is a U.S. multichannel video game, consumer electronics and services retailer. GME 52-Week Range: $77.58 - $344.66. According to data from Benzinga Pro, the stock was down 6.09% at $141 ...
What is the prediction for GameStop stock?
GameStop Corp Stock Forecast up to $371.22 - GME Price Prediction.
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.
Why is GameStop stock going down today?
Why GameStop Is Falling Today GameStop is attempting to navigate the video game industry's transition to a greater online and digital format that lessens the relevance of a physical retailer in the space.
Is GME short squeeze over?
The dollar amount of shorted GME shares has greatly declined over the last year, however. 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.Feb 12, 2022
Is GameStop stock predicted to go up?
The Gamestop Corporation stock price gained 7.75% on the last trading day (Tuesday, 19th Apr 2022), rising from $141.46 to $152.43....Predicted Opening Price for Gamestop Corporation of Wednesday, April 20, 2022.Fair opening price April 20, 2022Current price$148.42$152.43 (Overvalued)
How high is GameStop stock expected to rise?
Stock Price Forecast The 3 analysts offering 12-month price forecasts for GameStop Corp have a median target of 87.70, with a high estimate of 90.00 and a low estimate of 30.00. The median estimate represents a -42.16% decrease from the last price of 151.63.
What does it mean when a stock is squeezed?
The term squeeze can be used to describe several situations that involve some sort of market pressure. In finance, the term is used to describe situations wherein short-sellers purchase stock to cover losses or when investors sell long positions to take capital gains off the table.
Can you still buy GME stock?
Yes, you can trade GME stock, but be careful. The stock is now available for trading at all major brokerages.Dec 9, 2021
Does GameStop pay dividends?
GAMESTOP (NYSE: GME) does not pay a dividend.
Is Melvin capital in trouble?
And the troubles didn't end with 2021. In just the first few weeks of 2022, Melvin Capital has seen a 17% drop. Struggling with compounding losses, Melvin Capital has now announced that it will create a new long-only fund. It's an attempt to regain the confidence of its investors.Feb 4, 2022
What happened Melvin capital?
At the worst point in January 2021, Melvin Capital Management was losing more than $1 billion a day as individual investors on online forums such as Reddit banded together to push up prices of stocks Melvin was betting against. “We were in a terrible position. Stared death in the face,” Mr.Jan 28, 2022
Who shorted GameStop?
Mohammad Hormozzadeh, a 31-year-old day trader in Brooklyn, N.Y., was one of those investors who directly registered shares. He expects the big short squeeze to hit GameStop later this year.Feb 5, 2022
Is GameStop a buy right now?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last twelve months. There are currently 4 sell ratings for...
How has GameStop's stock price been impacted by COVID-19 (Coronavirus)?
GameStop's stock was trading at $4.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organiz...
When is GameStop's next earnings date?
GameStop is scheduled to release its next quarterly earnings announcement on Wednesday, June 8th 2022. View our earnings forecast for GameStop .
How were GameStop's earnings last quarter?
GameStop Corp. (NYSE:GME) released its quarterly earnings results on Thursday, March, 17th. The company reported ($1.86) earnings per share (EPS) f...
What price target have analysts set for GME?
4 brokerages have issued 12 month target prices for GameStop's shares. Their forecasts range from $30.00 to $146.00. On average, they anticipate Ga...
Who are GameStop's key executives?
GameStop's management team includes the following people: Mr. James Anthony Bell , Sr. Adviser (Age 54, Pay $895.52k) Mr. Matthew Furlong , Pre...
What is George Sherman's approval rating as GameStop's CEO?
342 employees have rated GameStop CEO George Sherman on Glassdoor.com . George Sherman has an approval rating of 26% among GameStop's employees. T...
Who are some of GameStop's key competitors?
Some companies that are related to GameStop include Tractor Supply (TSCO) , Carvana (CVNA) , Best Buy (BBY) , H & M Hennes & Mauritz AB (publ)...
What other stocks do shareholders of GameStop own?
Based on aggregate information from My MarketBeat watchlists, some companies that other GameStop investors own include General Electric (GE) , AT...
Who owns GameStop?
Friday's filing disclosed that between Aug. 13 and Aug. 28, RC Ventures purchased 5.8 million shares of GameStop, giving it a 9% stake in the company. RC Ventures' manager is Ryan Cohen, who was a co-founder and CEO of Chewy before Petsmart bought it in 2017 for over $3 billion.
Is GameStop a shorted stock?
There's more to the spike in GameStop's stock price than one big investor making a move. It's also one of the market's most heavily shorted stocks -- a whole lot of people are investing in bets that its price will fall. Exact counts vary, but MarketBeat shows 99.62% of shares sold short. Yahoo Finance currently displays 86% short interest of outstanding shares, and 250% of the float. No matter what the exact percentage is, suffice it to say this is a stock with major short interest.
Why did Robinhood put limits on GameStop?
Robinhood claimed it was forced to impose buying limits on GameStop and other volatile stocks in order to comply with clearinghouse deposit requirements. Robinhood CEO Vlad Tenev said the brokerage "had to conform to our regulatory capital requirements.".
Does Joe Tenebruso have a position in any of the stocks mentioned?
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Prev. 1.
Is GameStop stock overvalued?
Financial pundits such as Jim Cramer have urged individual investors to take profits in GameStop in recent days. With its stock price still up more than 1,000% since the beginning of the year, many analysts see GameStop's shares as grossly overvalued.
