GameStop Corp (GME, Financial), a leading multichannel retailer of video games and consumer electronics, experienced a significant stock price increase of 5.00%. The stock is currently trading at $29.03 per share with a trading volume of 6.17165 million shares, a turnover rate of 1.38%, and a price fluctuation of 4.92%.
Recent financial reports reveal GameStop's revenue at $860 million, net profit at $17.4 million, and earnings per share at $0.04. The company has a gross profit of $257 million and a price-to-earnings ratio of 145.20. Despite these figures, all participating institutions have rated the stock as a sell, with no buy or hold recommendations.
Within the retail sector, where GameStop operates, the overall increase was 0.98%. Notable performers in the sector included MarineMax Services and Arko Corp, while Chargepoint Holdings, Inc. and others showed significant trading activity. Stocks like Nuvve Holding Corp exhibited large price swings.
GameStop operates across Europe, Canada, Australia, and the U.S., selling new and pre-owned video game hardware, software, and accessories through its GameStop, EB Games, and Micromania stores, as well as international e-commerce platforms. The majority of its sales are generated in the U.S.
