GameStop Corp. (NYSE: GME) stocks are up by 4.58% during pre market hours on Monday. On November 19, the last day of trading GME stocks had a range of $208.25-$229.39, it however, closed at $228.80, an increase of 18.68% throughout the day.
At the time of writing this article, the stocks stood at a value of $233.38, already gaining 4.58%.GME stocks have surged more than 1500% year-to-date.
According to 3 Zack’s analysts, the stocks are to best to be put on hold. The game retailer company has 76.49 million shares out to trade in the market.
GameStop reported a revenue of 1.18 billion and a loss of $0.67 per share. It is expected to release its current quarter fiscal report in between December 8 to December 21, and is likely to report $ 0.22 loss per share in the recent quarter.
With Black Friday approaching, GameStop today announced its sales, with a 60% off on the PS5, PS4, Xbox Series X/S, Xbox One, and Nintendo Switch. Players can also save up to 40% on PC accessories from Razer, as well as other tech offers such as controllers, headphones, mice and keyboards, and more. There are other great deals on next-gen titles, laptops, desktops and miscellaneous tech products.
GameStop Corp. sells multichannel video games, consumer electronics, and cellular services. It operates in four segments: the United States, Canada, Australia, and Europe.The company is headquartered in Grapevine, Texas (a suburb of Dallas), and is the largest video game retailer worldwide with a market cap of $17.50 billion.
Due to the volatility of its stock price and the GameStop short squeeze, the firm attracted a lot of media attention in January and February 2021. And since then it has been enjoying.