Large Outflow of Money Witnessed in Gamestop Corporation

Gamestop Corporation (GME) jumped 0.06 points or 0.24% on strong buying and was last priced at $24.55 per share. The shares saw huge fund flow intraday; a massive $0.97 million made their way in through the upticks but an even bigger $2.26 million made their way out through downticks. As per the last observation, the net money flow stood at $(-1.29) million and the up/down ratio was found to be 0.43. The shares have seen a weekly value change of 0.99% .A block trade was recorded in the company shares with a net money flow of $(-1.23) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $1.23. As can be seen from the data, the block transaction had the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of GameStop Corp. appreciated by 0.54% during the last five trading days but lost 3.8% on a 4-week basis. GameStop Corp. is up 1.04% in the last 3-month period. Year-to-Date the stock performance stands at -3.8%. Gamestop Corporation (NYSE:GME) witnessed a decline in the market cap on Wednesday as its shares dropped 0.78% or 0.19 points. After the session commenced at $24.49, the stock reached the higher end at $24.635 while it hit a low of $24.08. With the volume soaring to 1,752,944 shares, the last trade was called at $24.3. The company has a 52-week high of $33.72. The company has a market cap of $2,476 million and there are 101,874,578 shares in outstanding. The 52-week low of the share price is $20.1.

Company has reported several Insider transactions to the SEC, on Jan 17, 2017, Stephanie M Shern (director) sold 4,000 shares at 22.58 per share price.On Sep 16, 2016, Michael Mauler (EVP – President International) purchased 10,000 shares at 26.91 per share price.On Dec 2, 2015, Steven R Koonin (director) sold 1,250 shares at 35.39 per share price.

GameStop Corp. Last issued its quarterly earnings results on Nov 22, 2016. The company reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.47. The company had revenue of $1959.20 million for the quarter, compared to analysts expectations of $1988.36 million. The companys revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.GameStop Corp. was Reiterated by Mizuho on Jan 17, 2017 to Buy, Lowers Price Target to $ 33 from a previous price target of $35 .GameStop Corp. was Downgraded by Macquarie on Jan 13, 2017 to Neutral, Lowers Price Target to $ 23 from a previous price target of $27 .GameStop Corp. was Upgraded by Standpoint Research on Dec 29, 2016 to Buy, Price Target of the shares are set at $34.GameStop Corp. was Initiated by Mizuho on Dec 23, 2016 to Buy, Price Target of the shares are set at $35.GameStop Corp. was Initiated by Loop Capital on Dec 7, 2016 to Buy, Price Target of the shares are set at $32.

GameStop Corp. is the worlds largest video game and entertainment software retailer. The company operates 4,816 retail stores across the United States and in fifteen countries worldwide. The company also operates two e-commerce sites, and, and publishes Game Informer? magazine, a leading multi-platform video game publication. GameStop Corp. sells new and used video game software, hardware and accessories for next generation video game systems from Sony, Nintendo, and Microsoft. In addition, the company sells PC entertainment software, related accessories and other merchandise.


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