Baird is no longer offering stock ratings for GameStop, the company announced today. “We are temporarily suspending our rating and price target until the company more clearly articulates new management’s business strategy, which should also allow investors to better assess the company’s intrinsic value and prospects for future free cash flow generation. Our final rating … Read more
The online trading platform Robinhood limited the purchase of a number of stocks early Monday. Among them are GameStop and AMC. Robinhood posted an alert shortly after midnight on Monday, February 1 notifying users that they were limiting trading on a number of stocks, including the brick-and-mortar video game retailer and the movie theater chain. … Read more
Robinhood will allow “limited buying” of GameStop and AMC tomorrow, the company announced late Thursday. The soaring GameStop stock took a hit on Thursday as the free trading platform Robinhood froze the stock along with AMC. GameStop‘s stock – which traded as low as $2.80 in April 2020 – peaked at $467 this morning as … Read more
After another quarter of declining sales, GameStop announced today that it would close 200 of its more than 5,800 stores before the end of the year. The company posted a $32 million loss for the quarter as global sales decreased 14.3%. Earlier this year, GameStop posted a $673M annual loss, its first since 2012. The … Read more
Brick-and-mortar video game retailer GameStop posted a $673 million loss during the fiscal year that ended February 2, 2019, marking its first annual loss since 2012 and only the third in company history. GameStop, like most retailers, continues to face strong headwinds as consumers shift from shopping at malls and local retail locations to shopping … Read more
