|January 7, 2013|
|11:28 EDT||GME||GameStop mentioned cautiuosly ahead of tomorrow's sales report at Piper Jaffray|
Piper Jaffray's checks indicate weak Nintentdo Wii U sales will not help Gamestop's hardware sales offset relative weakness in software. The firm believes holiday comps will range between (1%) and 3% and that any number below (1%) will likely pressure shares. The firm rates shares a Neutral with a $24 price target.
News For GME From The Last 14 Days
Check below for free stories on GME the last two weeks.
|September 15, 2014|
|09:53 EDT||GME||GameStop intends to exit Spanish market through partial sale of store locations|
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|09:52 EDT||GME||GameStop intends to exit Spanish market through partial sale of store locations|
|September 12, 2014|
|07:19 EDT||GME||Consoles lead video game sales up 8% in August, Bloomberg reports|
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|05:36 EDT||GME||August NPD video game software sales fell 21%, says Piper Jaffray|
Piper Jaffray says August NPD video game software sales fell 21% year-over-year. The firm continues to expect growth beginning in late 2014 and recommends using any weakness in shares of GameStop (GME), Electronic Arts (EA), Activision Blizzard (ATVI) and Take-Two (TTWO) as a buying opportunity.
|September 10, 2014|
|11:38 EDT||GME||GameStop achieved high share of Destiny sales, says BofA/Merrill|
Activision (ATVI) announced that it sold more than $500M of Destiny on its first day, making it the biggest new video game franchise launch in history. BofA/Merrill believes GameStop (GME) had a very high share of Destiny sales and expects further clarity in the coming months. The analyst continues to believe GameStop is leveraged to momentum in the console cycle and believes competitive threats from full game downloads id overblown. Shares of GameStop are Buy rated with a $56 price target.
|08:51 EDT||GME||GameStop volatility at low end of historic range |
GameStop September call option implied volatility is at 31, November is at 33, January is at 36; compared to it 26-week average of 41 according to Track Data, suggesting decreasing price movement.
|07:31 EDT||GME||GameStop, Alliance Data announce branded private label credit card program|
GameStop Corporation (GME) and Alliance Data Systems Corporation (ADS) announced the introduction of a GameStop-branded private label credit card program. Under the terms of the long-term agreement, Alliance Dataís Retail Services business, which manages more than 135 private label and co-brand credit programs, will deliver a customized loyalty-driven private label credit program designed to further enrich GameStopís relationship with its more than 28 million members of the successful PowerUp Rewards loyalty program. The new GameStop PowerUp Rewards Credit Card will provide cardholders with convenience and benefits exclusive to account holders, including being able to make purchases with the card in-store and online, promotional financing for larger purchases, online and mobile platform card management and payment services, as well as no annual fee and exclusive offers for savings throughout the year. Upon the opening of an account, PowerUp Rewards Pro members will receive a one-time award of 15,000 bonus points, and PowerUp Rewards Basic members will receive a one-time award of 5,000 bonus points.