What's Going On With GameStop Corporation Stock?
Portfolio Pulse from Erica Kollmann
GameStop Corporation (NYSE:GME) shares have been volatile, with the stock down nearly 14% over the last month. However, recent SEC filings reveal two large stock purchases by GameStop insiders. Board member Lawrence Cheng purchased 6,000 shares, and director Alain Attal bought 15,000 shares. The stock is up 3% at $17.53 at the time of publication.
September 12, 2023 | 4:05 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
GameStop's stock has been volatile, but recent large purchases by insiders may indicate confidence in the company's future, potentially stabilizing the stock.
The stock has been volatile and down 14% over the last month. However, large purchases by insiders often indicate confidence in the company's future, which can reassure other investors and potentially stabilize the stock. The stock is already up 3% following the news.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100