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Stock Market & Financial Investment News

News Breaks
March 28, 2014
10:30 EDTEA, ATVI, GME, TTWOGameStop rebounds, Sterne Agee remains upbeat on shares
Shares of video game retailer GameStop (GME) are rebounding after research firm Sterne Agee said, in a note to investors earlier today, that the company's outlook remains positive. WHAT'S NEW: After GameStop yesterday morning reported weaker than expected fourth quarter results and provided lower than expected fiscal 2014 earnings per share guidance, Sterne Agee analyst Arvind Bhatia remains upbeat on the stock. Strong sales of new video game consoles bode well for GameStop's outlook, and the company's EPS could reach $4 this year, contended Bhatia. GameStop's EPS guidance was actually in-line, after adjusting for variations in share buybacks, the analyst stated. Investor sentiment towards the retailer should improve as 2014 continues, wrote Bhatia, who kept a $52 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, GameStop climbed 2.7% to $38.33. GameStop shares had declined a bit over 4% yesterday following its quarterly report. OTHERS TO WATCH: Publicly traded video game makers include Electronic Arts (EA), Take-Two Interactive (TTWO), and Activision Blizzard (ATVI).
News For GME;EA;TTWO;ATVI From The Last 14 Days
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February 27, 2015
06:46 EDTGMEGameStop bids on 163 RadioShack stores, Reuters says
GameStop (GME) bid for 163 RadioShack (RSHCQ) store leases at $15,000 per lease in a Wednesday auction, reports Reuters, citing bankruptcy court filings and spokesperson statements. GameStop has roughly two months to decide whether it will take on the leases or terminate them, and a spokesperson said the locations -- if awarded -- would "primarily be used to expand... Spring Mobile, which is an exclusive AT&T (T) dealer." Reference Link
February 26, 2015
10:42 EDTGMEGameStop wins bid for 150 RadioShack stores, says BofA/Merrill
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February 25, 2015
13:02 EDTGMERadioShack delays sale of stores, GameStop expresses interest, Reuters says
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February 20, 2015
13:08 EDTTTWOTake-Two management to meet with MKM Partners
Meeting to be held in New York on February 27 hosted by MKM Partners.
February 17, 2015
09:19 EDTGMEDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.
07:22 EDTEAMitsubishi UFJ to hold a tour
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