GameStop Corp. (NYSE:GME – Get Free Report) General Counsel Mark Haymond Robinson sold 7,209 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total transaction of $165,374.46. Following the completion of the sale, the general counsel directly owned 97,946 shares in the company, valued at approximately $2,246,881.24. This represents a 6.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Mark Haymond Robinson also recently made the following trade(s):
- On Monday, January 12th, Mark Haymond Robinson sold 12,200 shares of GameStop stock. The shares were sold at an average price of $21.00, for a total transaction of $256,200.00.
GameStop Price Performance
GameStop stock opened at $23.39 on Monday. The company has a current ratio of 15.30, a quick ratio of 14.68 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $23.76 and a 200-day simple moving average of $23.01. The stock has a market cap of $10.49 billion, a P/E ratio of 31.18 and a beta of 1.86. GameStop Corp. has a 12-month low of $19.93 and a 12-month high of $35.81.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Wall Street Zen cut GameStop from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings raised shares of GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $13.50.
Check Out Our Latest Analysis on GameStop
Hedge Funds Weigh In On GameStop
Several hedge funds have recently made changes to their positions in GME. Northwestern Mutual Wealth Management Co. increased its position in shares of GameStop by 308.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock worth $26,000 after purchasing an additional 732 shares in the last quarter. City Holding Co. acquired a new stake in shares of GameStop in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its position in shares of GameStop by 226.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after purchasing an additional 886 shares during the period. Advisory Services Network LLC purchased a new position in GameStop during the 3rd quarter worth approximately $39,000. Finally, Los Angeles Capital Management LLC purchased a new position in GameStop during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 29.21% of the company’s stock.
About GameStop
GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.
Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.
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