GameStop Corp. (NYSE:GME - Get Free Report) General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $48,997.39. Following the completion of the sale, the general counsel now owns 42,350 shares of the company's stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Mark Haymond Robinson also recently made the following trade(s):
NYSE GME traded up $1.07 during trading hours on Monday, hitting $32.72. 12,518,525 shares of the company's stock traded hands, compared to its average volume of 9,314,210. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $64.83. The firm has a market capitalization of $14.62 billion, a P/E ratio of 181.79 and a beta of -0.02. The business's fifty day moving average price is $27.94 and its two-hundred day moving average price is $24.51.
GameStop (NYSE:GME - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.09. The firm had revenue of $860.30 million during the quarter, compared to the consensus estimate of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business's revenue was down 20.2% on a year-over-year basis. On average, sell-side analysts expect that GameStop Corp. will post 0.08 EPS for the current fiscal year.
GME has been the topic of several research analyst reports. StockNews.com raised GameStop to a "sell" rating in a report on Saturday, October 19th. Wedbush reissued an "underperform" rating and issued a $10.00 target price on shares of GameStop in a report on Friday, December 6th.
Check Out Our Latest Report on GME
A number of large investors have recently made changes to their positions in GME. Commonwealth Equity Services LLC purchased a new stake in shares of GameStop in the second quarter worth $261,000. Natixis Advisors LLC purchased a new position in shares of GameStop in the second quarter worth $373,000. CIBC Asset Management Inc bought a new position in shares of GameStop during the second quarter worth $211,000. Victory Capital Management Inc. grew its stake in GameStop by 9.0% during the second quarter. Victory Capital Management Inc. now owns 61,233 shares of the company's stock valued at $1,512,000 after acquiring an additional 5,060 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in GameStop by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 77,067 shares of the company's stock valued at $1,903,000 after acquiring an additional 1,501 shares during the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.
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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