News Breaks |
|
|
| August 12, 2012 |
| 20:18 EDT |  | GME | GameStop could fetch $25 or more in a buyout, Barron's reports
The game is far from over for GameStop (GME) shareholders, who just might be big winners in the end, Barron's contends. GameStop has a strong balance sheet and trades for just 5x earnings. Its debt-free, has about $2.50 of cash per share and pays a 3.6% dividend. Some contends that GameStop also could attract private-equity or other financial buyers, given its digestible stock-market value -- $2.2B vs Best Buy's (BBY) $7B -- and super-low valuation. Any bid probably would be at least $25 a share, Barron's reports. One thing GameStop could do to lift the stock is to significantly boost its dividend. Reference Link |
|
|
News For GME From The Last 14 Days Check below for free stories on GME the last two weeks. |
|
|
| June 18, 2013 |
| 07:42 EDT | | GME | May U.S. retail video game sales fall 25%, Bloomberg reports
U.S. retail sales of video game hardware, software and accessories tumbled 25% to $386.3M this past May, with overall hardware sales down 31% from last year to $96M, reported Bloomberg citing data from NPD Group. Reference Link |
|
| 05:59 EDT |  | GME | NPD video game software dropped 31% in May, says Piper Jaffray
 Subscribe for More Information |
|
| June 14, 2013 |
| 10:40 EDT |  | GME | GameStop rallies close to 52-week high, levels to watch
The shares are up 4.4% $39.21 following an upgrade and price target hike earlier this morning at Oppenheimer. The firm set its recommendation at Outperform and raised its price target to $50 from $27. Resistance is at $39.87, the 52-week high. Support is at $38.59, the low of the day. |
|
| 10:32 EDT |  | GME | GameStop climbs after Oppenheimer ups rating on shares
Subscribe for More Information |
|
| 10:10 EDT |  | GME | On The Fly: Analyst Upgrade Summary
Subscribe for More Information |
|
| 05:53 EDT | | GME | GameStop upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded GameStop on expectations the upcoming launches of Xbox One and PS4 will drive sales and earnings growth. The firm raised its price target for shares to $50 from $27. |
|
| June 12, 2013 |
| 13:48 EDT | | GME | Sony backtracks on PS4 ability to play used games, CNET says
Subscribe for More Information |
|
| 09:57 EDT | | GME | GameStop falls from early highs, levels to watch
Subscribe for More Information |
|
| June 11, 2013 |
| 08:23 EDT | | GME | E3 shows game console battle intensifies, says RW Baird
Subscribe for More Information |
|
| June 10, 2013 |
| 17:38 EDT | | GME | GameStop now taking pre-orders for Xbox One
GameStop (GME) is now taking pre-orders on Microsoft’s (MSFT) next generation, all-in-one gaming and entertainment system, the Xbox One. Pre-orders for the Xbox One can be made at any U.S. GameStop store location or online with a $100 deposit that will be applied toward the $499 cost of the console. |
| |
| June 7, 2013 |
| 14:36 EDT |  | GME | GameStop volatility elevated on wide price movement
Subscribe for More Information |
|
| 12:05 EDT | | GME | GameStop to benefit from Microsoft used game rules, says Piper Jaffray
Piper believes that Microsoft's (MSFT) decision to allow only participating retailers to broker trade-ins of used games for the Xbox One is particularly positive for GameStop. The firm adds that Microsoft's decision to allow used games to be played on the new console without additional fees is also positive for GameStop. Piper keeps an Overweight rating on GameStop. |
|
| 09:27 EDT | | GME | On The Fly: Pre-market Movers
HIGHER: Concurrent (CCUR), up 9.2% after doubling its dividend... Christopher & Banks (CBK), up 9.1% after quarterly earnings, revenue beat expectations... Gamestop (GME), up 2.5% after Microsoft (MSFT) clarifies how games licensing will works on upcoming Xbox One system... Arena (ARNA), up 1.7% after saying Belviq weight-loss drug available in U.s. next week, triggering milestone payment. LOWER: TiVo (XXX), down 18.7% after announcing patent litigation with Google's (GOOG) Motorola, Cisco (CSCO) and Time Warner Cable (TWC), doubles stock buyback authorization... Iron Mountain (IRM), down 17.2%, Lamar Advertising (LAMR), down 8.3%, Equinix (EQIX), down 7.8%, CBS (CBS), down 2.1%, after IRS forms working group on REIT issues, which could delay some of those companies plans for or consideration of REIT conversion... Intel (INTC), down 0.8% following downgrade to Underweight at Piper Jaffray. |
|
| June 6, 2013 |
| 18:20 EDT | | GME | Microsoft says renting games not available at Xbox One launch
Subscribe for More Information |
|
| 12:16 EDT | | GME | Stocks with call strike movement; GME RHT
GameStop (GME) June 34 call volatility decreased 3% to 66, Red Hat (RHT) June 50 call option implied volatility increased 5% to 66 according to IVolatility. |
|
| 11:09 EDT |  | GME | GameStop management to meet with BB&T
Subscribe for More Information |
|
|
|
|
|
