GameStop Corp. (GME)
| Previous close | 19.00 |
| Open | 23.10 |
| Bid | 22.80 x 1200 |
| Ask | 22.88 x 900 |
| Day's range | 21.15 - 26.66 |
| 52-week range | 9.95 - 64.83 |
| Volume | |
| Avg. volume | 21,806,975 |
| Market cap | 7.986B |
| Beta (5Y monthly) | -0.21 |
| PE ratio (TTM) | 1,136.94 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 14 Mar 2019 |
| 1y target est | N/A |
- Yahoo Finance Video
What went into meme star GameStop's $933M stock sale
GameStop shares (GME) are on a tear higher Tuesday morning after the video game retailer announced it made $933 million in sales of 45 million common stock on Friday, May 24. What's next for the meme stock coming off of the latest meme trade rally earlier this month? Interactive Brokers Chief Strategist Steve Sosnick shares his thoughts on the trajectory of GameStop stock. "The fact that in GameStop is up about 20-some odd percent this morning because they sold almost $1 billion worth of stock, if this were a normal company, people would be a little bit freaked out because you don't sell stock into the market if you think your stock is undervalued," Sosnick explains. "You do it when you think your stock is overvalued." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Investor's Business Daily
Dow Loses 300 Points As Nasdaq Trims Gains; This Biotech Pops On Positive Trials
Meanwhile, the Nasdaq composite tried to stay positive in the stock market today. The Dow Jones index weakened further and lost 0.8%, off more than 300 points. The S&P 500 eased 0.2%, while the Nasdaq trimmed its gain to 0.3%, even with a lift from Nvidia.
- Barrons.com
These Stocks Are Moving the Most Today: GameStop, Nvidia, DraftKings, Insmed, U.S. Cellular, Duolingo, Norwegian, and More
GameStop soars after completing an offering of 45 million shares for proceeds of about $933.4 million, Nvidia stock gets a boost from an announcement that Elon Musk’s XAI raised $6 billion in the start-up’s latest fundraising round, and DraftKings tumbles as Illinois senators pass a new budget that includes a tax increase on sports-betting operators.
