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GameStop Corp (GME) in Focus: Stock Adds 8% in Session


GameStop Corp. GME was a big mover last session, as the company saw its shares rise over 8% on the day. The upside was driven by the company’s announcement of encouraging third-quarter results. This resulted in solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $20.73 to $25.14 in the past one-month time frame.

The company has seen seven negative revisions in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

GameStop currently carries a Zacks Rank #4 (Sell).



A better-ranked stock in the same industry is Best Buy Co., Inc. BBY, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is GME going up? Or down? Predict to see what others think: Up or Down

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