GameStop Corp. Director Stephanie M. Shern Sells 5,703 Shares (GME)
GameStop Corp. (NYSE:GME) Director Stephanie M. Shern sold 5,703 shares of GameStop Corp. stock on the open market in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $34.73, for a total transaction of $198,065.19. Following the completion of the transaction, the director now directly owns 7,871 shares in the company, valued at approximately $273,360. The sale was disclosed in a document filed with the SEC, which is available at this link.
GameStop Corp. (NYSE:GME) traded down 3.54% during mid-day trading on Monday, hitting $33.83. The stock had a trading volume of 6,581,369 shares. GameStop Corp. has a 1-year low of $23.36 and a 1-year high of $57.74. The stock’s 50-day moving average is $43.37 and its 200-day moving average is $48.68. The company has a market cap of $3.918 billion and a P/E ratio of 10.59.
GameStop Corp. (NYSE:GME) last released its earnings data on Thursday, November 21st. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.02. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company posted $0.38 earnings per share. GameStop Corp.’s revenue was up 18.8% compared to the same quarter last year. On average, analysts predict that GameStop Corp. will post $3.03 earnings per share for the current fiscal year.
GME has been the subject of a number of recent research reports. Analysts at BB&T Corp. cut their price target on shares of GameStop Corp. from $65.00 to $55.00 in a research note to investors on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of GameStop Corp. in a research note to investors on Wednesday, January 29th. They now have a $38.00 price target on the stock. Finally, analysts at Bank of America Corp. downgraded shares of GameStop Corp. to a “neutral” rating in a research note to investors on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. GameStop Corp. has a consensus rating of “Hold” and a consensus target price of $52.37.
GameStop Corp. (NYSE:GME) is a holding company.
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