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Stock Market & Financial Investment News

News Breaks
February 13, 2013
13:09 EDTGMEGameStop to close 250 stores this year, SlashGear reports
GameStop (GME) CFO Rob Lloyd spoke at the Goldman Sachs Technology and Internet Conference and announced that the company plans to close 250 stores this year, SlashGear reports. The company will also open up 60-70 new stores during the same period. 200 of the stores to be closed are located in the U.S. Lloyd also says GameStop has acquired 40 shut-down GAME stores in France. Reference Link
News For GME From The Last 14 Days
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May 28, 2015
16:08 EDTGMEGameStop up 9% following beat and raise quarter
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16:07 EDTGMEGameStop raises FY15 EPS view to $3.63-$3.83 from $3.60-$3.80
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16:06 EDTGMEGameStop sees Q2 EPS 21c-25c, consensus 21c
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16:05 EDTGMEGameStop reports Q1 EPS 68c, consensus 59c
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15:25 EDTGMENotable companies reporting after market close
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15:06 EDTGMEGameStop May 41 weekly straddle priced for 6.5% movement into Q1
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14:18 EDTGMEGameStop technical comments ahead of earnings
The key feature on the 1-year daily chart is a potential bullish symmetrical triangle pattern that is in the process of forming. That pattern will not become active unless there is a breakout above $41. If the news is bullish, the pattern is likely to become active given how close price is to the trigger level. Upside potential would be to the $44 to $45 area. If the news is a bearish surprise, a breakdown below the low of the pattern at $39 would void the pattern. Additional support levels to watch as potential downside objectives would be at $37.14 and $35.06.
08:06 EDTGMEGameStop May weekly volatility elevated into Q1 and outlook
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May 27, 2015
08:05 EDTGMEGameStop should be bought if earnings prompts pullback, says Baird
Baird noted GameStop reports Q1 results on Thursday and said shares are typically volatile following earnings reports. The firm would use any pullback as a buying opportunity, as the cyclical market for console gaming is now trending toward higher-margin software. Baird reiterated its Outperform rating and $50 price target on GameStop shares.
May 15, 2015
14:43 EDTGMEGameStop May weekly volatility elevated into Q1 and outlook
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05:52 EDTGMEApril NPD video game software sales rose 13%, says Piper Jaffray
Piper Jaffray notes April NPD video game software sales increased 13% year-over-year with next-generation software revenue up 200% versus the prior year. Piper keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).

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