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GameStop Stock Holds 11% Gain Following Earnings ReportThe stock price has surged rapidly, nearly reaching the $30 mark, after a strong bullish shift emerged following the company’s latest earnings report. At first glance, the results were mixed: sales came in at $1.28 billion for Q4 2024, down from $1.8 billion in the same quarter of 2023. However, net income held strong at $131 million, compared to $63 million a year earlier. This disparity in results created volatility in the stock price. Adding to the bullish momentum was the announcement that GameStop plans to sell assets to create a strategic reserve in Bitcoin, which helped fuel the rally in recent hours. Breakout from Bearish Channel: The stock had been trading within a downward channel since early January, but recently broke out with a strong bullish move. The speed and strength of this breakout may lead to short-term selling corrections as the price stabilizes. RSI Indicator: The RSI line is now approaching the overbought zone around the 70 level. As price action continues at these levels, the market may be showing signs of imbalance due to excessive buying pressure, which could open the door to bearish corrections in the upcoming sessions. Key Levels to Watch: $31: A nearby resistance level, marking the highest price zone reached earlier this year. A sustained break above this level could trigger a strong short-term uptrend. $25: A support level aligned with the top of the previous bearish channel and the 61.8% Fibonacci retracement. This could act as a tentative area for a short-term pullback. $19: A distant support level, corresponding to the lows from September 2024. If selling pressure brings the price back to this level, it could reactivate the broader bearish channel seen in recent weeks. By Julian Pineda, CFA – Market Analyst
NYSE:GME
by FOREXcom
1
GameStop-Themed Memecoin Spikes 167% Amidst Latest Bitcoin PlayA memecoin named after GameStop Corp. NYSE:GME skyrocketed about 167% Tuesday breaking out of a falling wedge pattern after the video game retailer adopted Bitcoin as a treasury reserve asset. Build on the Ethereum blockchain, GameStop Coin (GME) soared 167% in the last 24 hours, dwarfing returns by blue-chip cryptocurrencies like Bitcoin and Dogecoin The latest uptick widened the coin's monthly returns to an astounding +3778.06%. However, a cursory glance at its trajectory revealed periods of short-term rise followed by sharp collapse, indicating its speculative nature. Note that the cryptocurrency isn't tied to GameStop in any way but seeks to capitalize on the hype surrounding the meme stock. Technical Outlook As of the time of writing, NYSE:GME coin is up 9.92% currently retraced as hinted by the Relative Strength Index (RSI) at 60. With the growing hype surrounding meme coins Gamestop coin is looking poised for a comeback as indicated by the daily chart - the wedge is still in play with a speculated surge to the January high, 2025. GameStop (gamestop-coin.vip) Price Live Data The live GameStop (gamestop-coin.vip) price today is $0.000101 USD with a 24-hour trading volume of $1,595,457 USD. GameStop (gamestop-coin.vip) is up 4.09% in the last 24 hours, with a live market cap of $41,512,628 USD. It has a circulating supply of 411,297,484,026 GME coins and a max. supply of 420,690,000,000 GME coins.
Long
by DEXWireNews
Gamestop ($GME) Surge 16% in Premarket Amidst Earnings Beat The shares of GameStop (NYSE: GME) surge nearly 17% as the firm reported fiscal fourth-quarter results, which saw revenue fall 28% year-over-year to $1.28 billion.2 However, adjusted net income rose to $136.4 million, or 30 cents per share, from $67.7 million, or 22 cents per share, a year earlier. The earnings growth came as the company moved to cut costs. GameStop (NYSE: NYSE:GME ) updated its corporate investment policy to include Bitcoin, sending shares higher in extended trading Tuesday. The video game retailer said its board unanimously approved the decision to add Bitcoin to its investment policy, following reports last month that the retailer was considering investing in cryptocurrencies. The announcement follows speculation about GameStop's crypto plans after CEO Ryan Cohen last month posted a picture of himself with Michael Saylor, cofounder of Strategy (MSTR), the largest corporate holder of Bitcoin formerly known as MicroStrategy. The price of Bitcoin was just under $88,000 in recent trading. Shares of GameStop jumped more than 6% in after-hours trading Tuesday following the announcement. The stock was down about 19% for the year so far through the market close.
NYSE:GMELong
by DEXWireNews
GameStop Corp. (NYSE:GME) to add BTC as a Treasury Reserve AssetThe price of GameStop Corp. (NYSE: NYSE:GME ) shares saw a noteworthy uptick of 7% in Tuesday's after hours trading, primarily based on the news that the firm is set to add Bitcoin as its Treasury Reserve asset. The asset bounced from it's psychological support zone aiming for a move to the $35- $40 price point. This move would be feasible if GameStop Corp. (NYSE: NYSE:GME ) shares break pass the $30 resistant point. In light of that manner, GameStop Corp. (NYSE: NYSE:GME ) also is set to announced earnings report Tuesday, March 25, 2025, after market close. About GameStop Corp. (NYSE: NYSE:GME ) GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.
NYSE:GMELong
by DEXWireNews
1
Multi-Week Trendline Showing Strong Support Look at this sexy chart. All of December GME has been hanging out in this upward channel. The bottom line has acted as support not 2 or 3 times, but EIGHT freakin times. Today was critical in my opinion if the trendline was going to remain strong, especially on a Friday given that max pain was sitting under the line at $30. RSI has also had a support line around 50. We have bounced off that line yet again. Hopefully soon this is the last one. Another thing to note is OBV which has been steadily climbing indicating that any pullback is just a distribution period before another leg up. In my opinion, next week we should see GME test the top of that trendline around $40. If it rejects we may see it come down to test the trend line again around $33 or $34. But if it breaks, we could see this puppy FLY to the Fibonacci extension from the May squeeze. We would match that squeeze at $64.98 while the next (log) line is at $205!! Lets get it!
NYSE:GMELong
by Mr_Krabz
5
Robinhood Markets. Following the footsteps of Roaring Kitty Keith Gill, the YouTube streamer known as Roaring Kitty, made tens of millions of dollars in a day from the GameStop meme stock. YouTube blogger Keith Gill, known as Roaring Kitty, earned a paper profit of $79 million in one trading day from the growth of shares of the GameStop video game store chain, recently wrote CNBC. During trading on Monday, June 3, GameStop shares rose by 21% and closed at $28 per share. On Monday, June 3, Keith Gill took to Reddit to share what appears to be a screenshot of his investment portfolio. The blogger revealed that he still holds 5 million shares of the video game store chain GameStop and 120 thousand call options on the stock with a strike price of $20 and an expiration date of June 21. Gill's bet on GameStop netted him an intraday profit of $33.6 million from stock gains and $54.3 million from options. As a result, these positions increased in value by $79 million. A day earlier, Keith Gill posted on the social network Reddit a screenshot of the portfolio, which shows 5 million shares purchased at $21.27 per share and 120 thousand call options purchased at approximately $5.68. A call option gives the buyer the right to purchase an asset at a fixed price on or before a predetermined date, and creates an obligation for the seller to sell it when requested. By purchasing such an option, a trader or investor takes a long position - long. It is opened in the hope of making money on the rise in the price of an asset, such as a stock. If GameStop's stock price rises above $20 on June 21, Gill will be able to exercise the options at $20 per share. As a result, he will receive another 12 million shares of GameStop. In total, he will own 17 million shares, making him GameStop's fourth-largest shareholder behind Vanguard, BlackRock and RC Ventures, according to FactSet. At Monday's closing price of $28 per share, his stake is valued at $476 million. Keith Gill rose to prominence in 2021 after posting a series of videos that investors took as a signal to buy GameStop stock. As a result, in January 2021, the price of securities of the GameStop video game store chain soared from $20 to $483 in two weeks, and the shares themselves began to be called meme. Did you miss something? That's all right!... as frenzy trading is back to Robinhood Markets. The main graph indicates on strong Bullish momentum in Robinhood Markets (HOOD) stocks, that are trying to recover after huge 80+ percent post-IPO decline.
NASDAQ:HOODLong
by PandorraResearch
GameStop ($GME) Faces Challenges as Stock Plummets 14.65% Shares of GameStop (NYSE: NYSE:GME ), the once high-flying meme stock, plunged nearly 15% in premarket trading on Wednesday. This dramatic drop came after the video game retailer reported a steep 31% decline in quarterly revenue, overshadowing its swing to profitability. As GameStop grapples with the evolving gaming landscape and a strategic overhaul, investors are left questioning the company's ability to stage a meaningful comeback. Revenue Decline Overshadows Profitability GameStop (NYSE: NYSE:GME ) has been feverishly restructuring, aiming to revive its business by closing underperforming stores and focusing on value-added products to enhance sales. However, the latest quarterly results paint a grim picture. Despite achieving a net profit, the company's revenue plummeted by 31%, a decline that raises concerns about its long-term growth prospects. The company announced plans to sell up to 20 million shares to fund future acquisitions, marking another strategic pivot. This move follows GameStop's earlier capital raises totaling over $3 billion, which were driven by wild stock price swings fueled by retail investors and prominent traders like Keith Gill, known as "Roaring Kitty." However, the market's reaction was far from favorable, as shares slid further after Gill's return to social media failed to ignite the same enthusiasm seen in 2021. The declining sales reflect the broader trend of consumers moving away from physical game discs toward digital downloads and streaming services. This shift has heavily impacted GameStop’s core business, pushing the company to diversify its offerings. Despite these efforts, the retailer’s ability to stabilize its revenue remains uncertain. Symmetrical Triangle Breakdown Looms GameStop's technical outlook is equally concerning. Since early June, NYSE:GME stock has been trading within a symmetrical triangle pattern, with price oscillations tightening as bulls and bears vie for control. After a brief three-day rally, the stock was rejected at the triangle’s upper trendline, highlighting market uncertainty ahead of the earnings report. Wednesday’s sharp drop could signal a potential breakdown below the triangle’s lower trendline, opening the door to further downside. Key levels to watch include: 1. $18.50: This area represents a potential support level near the 200-day moving average (MA) and past peaks and troughs. Holding this level is crucial; failure to do so may lead to further declines. 2. $15.25: If $18.50 fails to hold, the next critical support is at $15.25, where the stock has seen periods of consolidation earlier this year. This level may serve as an entry point for value-seeking investors. 3. $13.25: A breakdown to this level would represent a 43% drop from Tuesday’s close, marking a critical support zone where buying interest could re-emerge based on historical lows. Despite the bearish setup, there remains the potential for a meme-fueled rally driven by retail investor enthusiasm. A key bullish target would be the $30.50 area, where traders might look to capitalize on past gaps and resistance levels, especially during periods of heightened volatility. The Road Ahead: A Cautious Outlook As GameStop (NYSE: NYSE:GME ) continues its transformation, investors should remain cautious. The company's ability to stabilize revenue and navigate the shift towards digital gaming will be paramount to its recovery. While the stock’s RSI currently sits near oversold territory at 47.61, indicating some potential for a bounce, the broader technical picture suggests a challenging path forward. Investors should closely monitor the key support and resistance levels highlighted above, as well as any further developments from GameStop’s management regarding its strategic initiatives. With market sentiment fragile and the stock under pressure, GameStop’s next moves could prove pivotal in determining whether it can reclaim its status as a meme stock legend or continue its downward spiral. Stay tuned, as GME's journey is far from over—and volatility is almost guaranteed.
NYSE:GME
by DEXWireNews
3
GameStop ($GME) Earnings PreviewGameStop ( NYSE:GME ) is set to report its quarterly earnings on Tuesday, September 10th, after the market closes. Analysts are bracing for a challenging report, expecting lower revenue, a slightly larger net loss, and a significant decline in comparable store sales year-over-year. However, the stock's recent technical setup and less volatile trading pattern suggest potential opportunities for traders and investors alike. Here's an in-depth look at both the fundamental and technical aspects of GameStop as we approach the earnings release. Key Financial Metrics and Projections GameStop ( NYSE:GME ) has been grappling with declining sales, increased competition, and shifting consumer behavior in the video game retail space. Analysts project revenue of $900 million for Q2 2024, down from $1.16 billion in the same quarter last year, reflecting a year-over-year decline of approximately 22.4%. The company's net loss is expected to widen slightly to $5.3 million, up from a $2.8 million loss in Q2 2023. Key Financial Estimates: - Revenue: Expected to decline to $900 million from $1.16 billion YoY. - Net Loss: Projected at $5.3 million, larger than last year's loss of $2.8 million but significantly improved from Q1 2024's $32.3 million loss. - Comparable Store Sales: Expected to drop nearly 23% year-over-year, a key metric highlighting reduced consumer spending on discretionary items, including video games. Factors Influencing Fundamentals: - Lower Consumer Spending: Amid inflationary pressures, discretionary spending has taken a hit as consumers prioritize essentials. This shift has particularly impacted GameStop’s sales. - Shift to Digital Sales: The ongoing transition from physical game sales to digital downloads continues to challenge GameStop’s traditional business model. - New Strategic Moves: GameStop recently announced plans to convert some of its stores to "retro" locations, focusing on nostalgic gaming experiences. This could attract a niche audience but remains an unproven revenue driver. Technical Analysis: A Bullish Setup in the Making? Despite the grim outlook on the fundamental side, GameStop’s technical setup tells a different story. As of the latest market session, NYSE:GME is up 3.17%, with the stock showing promising technical signals. Key Technical Insights: - RSI at 55: The Relative Strength Index (RSI) is sitting at 55, indicating a balanced momentum that is neither overbought nor oversold. This suggests that NYSE:GME is maintaining a healthy momentum without being at extreme levels, which could indicate further price movement. - Symmetrical Triangle Pattern: The daily price chart depicts a symmetrical triangle pattern—a bullish continuation or reversal setup that often precedes a significant breakout. With converging trendlines, this pattern typically signals a buildup in buying pressure, leading to a potential upside move. Trading Volume and Volatility: - Volume Trends: Trading volume has been steady, reflecting less of the extreme volatility seen earlier in 2024. This calmer trading behavior may provide a more predictable environment for swing traders looking for a breakout opportunity. - Support and Resistance Levels: Key support is around the $16 mark, while resistance sits near the $20 level. A breakout above this resistance could catalyze further gains, especially if positive earnings surprises or forward guidance are announced. Market Sentiment and Influences: - Meme Stock Legacy: While GameStop remains a heavily watched stock due to its meme status, recent activity has been relatively muted compared to past years. Influential trader Keith Gill, also known as “Roaring Kitty,” recently made a social media comeback, posting a cryptic message that could reignite interest among retail investors. - Analyst Ratings and Revisions: Analysts have been cautious, with recent revisions reflecting skepticism about GameStop’s ability to return to profitability. However, any positive guidance or surprise in earnings could quickly alter this sentiment, given the stock’s history of sharp moves. Outlook and Trading Strategy Near-Term Outlook: GameStop’s upcoming earnings report will be crucial in setting the tone for its stock trajectory. While the fundamentals suggest ongoing challenges, the technical setup and market sentiment hint at the possibility of a bullish breakout, particularly if earnings beat expectations or management outlines a compelling strategic direction. Potential Strategy: Traders may consider positioning for a potential breakout, closely watching key levels around the symmetrical triangle pattern. Caution is advised due to the inherent volatility around earnings announcements. Conclusion: GameStop’s stock sits at a crossroads, with fundamental challenges being counterbalanced by a potentially bullish technical formation. Investors should keep an eye on Tuesday’s earnings release for critical insights into GameStop’s future direction. As NYSE:GME continues to evolve from its meme stock origins, the upcoming financial results could provide pivotal data points for both short-term traders and long-term investors seeking to understand its market dynamics.
NYSE:GMELong
by DEXWireNews
2
GME Gamestop Technical Analysis and Trade IdeaIn our recent video, we conducted a concise technical analysis of GameStop (GME). After a bullish rally, GME became overextended, hitting resistance levels and subsequently retracing significantly. Currently, we’re closely monitoring key support levels. Our primary objective is to pinpoint an optimal buy entry point within this critical support zone, provided that price action aligns with our analysis from the video. As always, our video provides valuable insights into trade entry points, trend analysis, market structure, and price action. Remember that this content is for educational purposes only and should not be considered financial advice. 📈🚀📊
NYSE:GMELong
by fxtraderanthony
4
GME Gamestop Technical Analysis and Trade Idea👉 In this video, we closely examine GameStop (GME). The stock has been range-bound for some time, showing lower highs and lower lows, indicating a slight bearish trend. Despite this, my focus is on a potential long position rather than shorting the stock. We explore a possible buying opportunity if the price action aligns with the scenario discussed. If the price continues to decline, we will abandon the idea. In the accompanying video, we delve into the trend, market structure, price action, and other crucial elements of technical analysis. Remember, this video is purely educational and not financial advice. 📊✅
NYSE:GME
by fxtraderanthony
13
$GME Algorithm Buy AlertOur algorithm gave a buy alert today, and we entered a long position at 1415 for a day trade. In addition to our algorithmic signals, we incorporate other technical analyses to inform our trades. A downtrend line, for instance, provided added confidence in our decision to take a long position for this day trade. We monitor a handful of stocks, with NYSE:GME among them. It's worth noting that we focus exclusively on long positions and avoid shorting growth stocks like NYSE:GME
NYSE:GMELong
by AlgoTradeAlert
3
Another GME Rally?Overview Usually I stay away from meme stocks but when opportunity knocks, I can't help but check the door. NYSE:GME appears to be gearing for a double bottom pattern which may see another spike in the share price back to $65. I haven't extensively researched the idea I'm about to present so please take it with healthy skepticism but in my few years of trading I believe I've noticed a trend: when the traditional stock market is doing well, crypto and meme stocks sink. And when the traditional stock market begins to fall, crypto and meme stocks rise. I chalk it up to recycled profits being moved from one market to the next. Technical Analysis Dwindling share value on decreasing volume; MACD and MFI have retreated from overbought territory; MACD and RSI are both underneath their signal lines which suggests the next cross will be from beneath which is bullish (the question is when it will cross though). Because of GME's past volatility and unpredictability, it would be best to approach this asset like a lottery ticket. You don't expect to win, but it's fun to play.
NYSE:GMELong
by Shepherd_Investor
1
GameStop(GME) Is Ready for Pump🚀➕250%🚀🔥Today, I want to analyze the GameStop(GME) project for you. After being listed on some exchanges , it has increased its price by more than ➕3,900% in the last three days. 📚What is GameStop(GME)❗️❓ 🔸 GameStop(GME) on the Solana network is a meme paying tribute to the 2021 short squeeze of GameStop. 🌊According to the theory of Elliott waves , GameStop(GME) seems to be completing microwave 4 of the main wave 3 . 🔔I expect microwave 4 of the main wave 3 will complete in the 🟢 Support zone 🟢, and the GameStop(GME) will start to increase again (🚀➕250%🚀) . @TradingView has added new features, one of which is the Volume Candles chart . I suggest you use TradingView's new features . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. GameStop Analyze (GMEUSDT), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
61
GameStop Odyssey: Retail Triumphs and Marvels through EFI/VolumeThe "GameStop Odyssey" timeline serves as a vivid testament to the sheer force of retail trading and the enduring appeal of GameStop in the financial markets. This chronology isn't just a recount of stock prices and trading volumes; it's a triumphant saga that captures the strategic pivots, significant milestones, and the unyielding spirit of individual investors who've rallied behind the stock. Despite recurrent skepticism and often negative media portrayals, GameStop continues to emerge as a symbol of what enthusiastic and coordinated retail investors can achieve. It underscores how, against all odds and negative forecasts, the community-driven force behind GameStop keeps the company relevant and dynamically engaged in the stock market's limelight. By detailing each significant spike and drop in stock prices alongside corresponding EFI/volume fluctuations, this timeline does more than track financial metrics—it illustrates a narrative of resilience and retail investor empowerment. Each entry highlights how GameStop has not only survived but thrived, navigating through waves of market volatility and media doubt. This chronicle aims to inspire and educate, showing that the narrative of "dumb money" is a misnomer; instead, it's a story of strategic triumphs and collective investor savvy, proving time and again that the spirit of the market lies in the hands of its participants. ### GameStop Timeline with EFI and Stock Prices **September 28, 2020:** - EFI: 500 million - News: GameStop was undergoing strategic shifts and significant interest from retail investors, focusing on transitioning its business model towards digital sales channels. - Source: (news.gamestop.com) **October 26, 2020:** - EFI: 500 million - News: GameStop continued to gain attention from retail investors, announcing plans to strengthen its online presence and enhance customer engagement through e-commerce initiatives. - Source: (news.gamestop.com) **December 21, 2020:** - EFI: 500 million - News: GameStop announced further strategic updates aimed at improving its financial performance and adapting to the evolving retail landscape. - Source: (news.gamestop.com) **December 28, 2020:** - EFI: 500 million - News: GameStop's stock surged due to increased interest from retail investors on forums like Reddit, marking the beginning of the stock's volatile period leading into 2021. - Source: (news.gamestop.com) **January 4, 2021:** - EFI: 500 million - News: GameStop maintained a higher EFI level as interest in the stock grew among retail investors, with discussions on WallStreetBets gaining momentum. - Source: (news.gamestop.com) **November 29, 2021:** - EFI: 500 million - News: GameStop continued to be a topic of interest post-meme stock phenomenon, with investors watching the company's performance and strategic decisions closely. - Source: (news.gamestop.com) **March 14, 2022:** - EFI: 500 million - News: GameStop's financial performance updates highlighted ongoing efforts to turn around the company's fortunes, focusing on digital transformation and operational efficiencies. - Source: (news.gamestop.com) **August 15, 2022:** - EFI: 500 million - News: GameStop emphasized enhancing its digital platform and customer experience, continuing strategic changes aimed at strengthening its market position. - Source: (news.gamestop.com) **March 20, 2023:** - EFI: 500 million - News: GameStop's ongoing performance updates focused on strategic initiatives and financial health, with investors assessing the impact on the stock's performance. - Source: (news.gamestop.com) **April 10, 2023:** - EFI: 500 million - News: Keith Gill, known as "Roaring Kitty," revealed he was holding $181.4 million worth of GME stock and call options, causing a significant surge in the stock's price. - Source: (news.gamestop.com) **May 13, 2024:** - EFI: Spiked at around 510 million - News: The EFI spiked at around 510 million, and it wouldn't again cross the 500 million EFI/week until this past Monday, indicating significant trading activity and interest in GameStop stock. - Source: (news.gamestop.com) **June 3, 2024 - June 5, 2024:** - EFI: 510 million - News: GameStop announced its preliminary financial results for Q1 2024. The results highlighted a net sales decline to approximately $0.872 billion-$0.892 billion compared to the previous year's $1.237 billion. The net loss is expected to range between $27 million and $37 million, an improvement from the $50.5 million loss in the prior year. The announcement indicates ongoing challenges but shows some progress in cost management and cash flow. - Source: (news.gamestop.com) [GameStop Analysis: From a Dad Who Dreams Big Hello everyone, I'm a single dad deeply into chart analysis, eager to share insights that might help others make informed trading decisions. Currently, I'm not in a position to invest myself, but I'm looking forward to joining you all soon. If you find value in my work and wish to support my journey into trading, any help would be deeply appreciated. Here's my BTC address if you choose to contribute, would mean the world to us here at this little NYSE:GME hypestation! bc1qxt4cwsm3py94ze8a2s3ucsaxzllehx5qj4g0qq. (at the time of creating this article no one at this location including me, the author own a single fractional share or position in GameStop. We do however feel the hype for NYSE:GME Proud of you all!) Thank you for considering my work, and happy trading!
NYSE:GME
by joshuatseppich
GameStop Surges After Company Completes $933 Mln Share RallyGameStop shares ( NYSE:GME ) surged 20% on Tuesday after the video game retailer successfully sold 45 million shares worth roughly $933.4 million, capitalizing on a recent meme rally in its share price. The sale helped the company capitalize on a recent social media-fueled meme rally that saw the stock soar around 135% over a two-day period earlier this month. Traders may book profits in GameStop shares around $27, an area on the chart where a May 13 gap sits in close proximity to a key horizontal line connecting a series of price action over the past 19 months. GameStop ( NYSE:GME ) initially announced the share offering on May 17, several days after the peak of the social media-fueled rally, saying it planned to use the proceeds for general corporate purposes, such as investments and acquisitions. Although the company did not disclose the sale price of the shares, it said it executed the offering at-the-market, meaning it sold the shares at the prevailing market price, allowing the retailer to cash in on a portion of the meme-driven gains. Investors will gain further insight into the company's financial position and outlook when it reports fiscal first-quarter earnings after the closing bell on June 5. GameStop ( NYSE:GME ) has given up about 70% of its gains in recent weeks, with the price falling towards a multi-month downtrend line. In upcoming trading sessions, investors should pay close attention to the $27 level, an area on the chart where traders may book profits near a key horizontal line connecting a series of price action over the past 19 months. Technical Outlook Gamestop stock ( NYSE:GME ) is up 14.32% as of the time of writing, forming a "golden cross" pattern at the 1 month-low region. The stock has a Relative Strength Index (RSI) of 52 which is prime for further surge in the long term. Accentuating to the bullish campaign is the upside gap formed in the daily price chart.
NYSE:GMELong
by DEXWireNews
GameStop’s Stock Price Plunges About 20% After Meme Stock Surge GameStop's stock ( NYSE:GME ) price dropped about 20% after a meme stock surge by investor Keith Gill. The company announced plans to sell new shares and lower its sales forecasts, causing the stock to fall back to Earth. GameStop ( NYSE:GME ) now expects first-quarter sales to range between $872 million to $892 million, significantly lower than the $1.24 billion it made in the same quarter last year and below analyst estimates of $1 billion. The video game sector has lost steam since the start of the pandemic, and there are no near-term catalysts in sight for GameStop ( NYSE:GME ). Analysts believe that the issuance of new shares makes sense, as it raises the company's cash reserves while sales continue to fall. However, they remain pessimistic about its long-term future. Michael Pachter of Wedbush believes that GameStop ( NYSE:GME ) cannot "save its way to prosperity" and expects the mix of software sales to continue to shift to digital and away from physical. He believes that GameStop ( NYSE:GME ) will see continuing sales declines next year as well, and the company must deploy its cash productively or hope to issue more shares at elevated levels to forestall the inevitable. The surge in GameStop shares ( NYSE:GME ) came after Gill resurfaced online, posting an image of a man sitting forward in his chair, a meme that gamers often use when things get serious. Since the earnings preannouncement by GameStop ( NYSE:GME ) and the company's decision to sell additional shares, he has posted 17 additional memes, indicating he plans to continue supporting the company.
NYSE:GME
by DEXWireNews
6
GME : Is the GAMESTOP Super Pump OVER?NYSE:GME 🚀 NYSE:AMC In a single day, GameStop was able to outperform an entire year of BTC. GameStop stock and AMC shares soared Monday after Keith Gill, who sparked the meme stock rally during the pandemic, made his return to social media for the first time in three years. The New York Stock Exchange temporarily paused trading on GME stock 34 times. Short sellers are estimated to have lost over SEED_TVCODER77_ETHBTCDATA:5B in tow days. One thing that is very evident (except for massive whale plays and no doubt insider trading) is the gap that formed around $20-$25. The price is known t return to fill the gap, so I am SHORT until that zone is filled, calling this entire scheme one big pump-and-dump. AMC will soon fall to pre-pump lows as well, as the price levels fails to hold for even 12h: Sellers are now dominating lower timeframes and the price continues to fall fast. The price COULD fall or wick as low as the trendline on the technical indicator: __________________
NYSE:GMEShort
by Crypto-Check-
2
GME Gamestop Technical Analysis and Trade IdeaHistorically, GME (Gamestop) has been in a downtrend when we look at the monthly time frame. However, recent developments indicate a potential shift in the trend. As we zoom in on shorter time frames (weekly and daily), we observe signs of bullish momentum. Buyers may find opportunities in these time frames. In a video, we explore a potential trade idea. First, on the 4-hour chart, we notice that the price has retraced into an optimal buy zone. Next, we delve into the 15-minute chart, waiting for specific price action confirmation before getting involved. Remember that trading carries inherent risks. This information is intended for educational purposes only and should not be considered financial advice. Always manage your risk wisely. 📈👍
NYSE:GMELong
by fxtraderanthony
7