GameStop Corp (GME, Financial), a leading retailer in video games and consumer electronics, experienced a significant stock price increase of 5.08%. The stock is currently trading at $33.26 per share with a trading volume of 8.33 million shares, reflecting a turnover rate of 1.87% and a price fluctuation of 7.68%.
Recent financial reports indicate that GameStop achieved a revenue of $860 million, a net profit of $17.4 million, and earnings per share of $0.04. The company reported a gross profit of $257 million, with a price-to-earnings ratio of 165.95. Despite the positive financial performance, both institutions covering the stock have issued a sell recommendation, with no buy or hold ratings.
In the broader retail sector, where GameStop operates, the overall increase was 0.60%. Other notable performers in the sector include Arko Corp, Changan Energy, and Jbdi Holdings Limited. Active stocks in the sector include Chargepoint Holdings, Changan Energy, and Kohl's, with turnover rates of 4.85%, 4.40%, and 3.84% respectively. Stocks with significant price fluctuations include Arko Corp, Creative Global Technology Holdings, and Nuvve Holding Corp, showing fluctuations of 30.40%, 26.33%, and 24.38% respectively.
GameStop, primarily operating through its GameStop, EB Games, and Micromania stores, along with international e-commerce platforms, sells new and pre-owned video game hardware, software, and accessories, with most sales originating from the United States.
