Time New York: Wed 07 Dec 05:30 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

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

Zacks

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).

GAMESTOP CORP Price


GAMESTOP CORP Price | GAMESTOP CORP Quote

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

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.