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Stock Market & Financial Investment News

News Breaks
May 23, 2014
10:22 EDTGMEGameStop rises after results but hits resistance, levels to watch
The shares are up over 4.3% to $38.47 following earnings. The session high at $39.53 is currently resistance. That session high is also at an important technical juncture at the $40 area. That area is one that has remained resistance only briefly overcome since the sharp decline in price back in mid-January. Until the shares can make it above that level and re-establish a bullish trend, price will remain range bound between $40 at the high and $35 at the low.
News For GME From The Last 14 Days
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August 19, 2014
09:28 EDTGMEGameStop says CEO underwent unexpected surgery for tumor
GameStop disclosed in a regulatory filing that late last week Paul Raines, its CEO, underwent unexpected surgery during which a "very small, cancerous tumor was identified and successfully removed from an easily accessible part of the brain." The company added, "Because it was found very early, his doctors have advised him that his prognosis for a full and complete recovery is very good. The next step is for Paul to undergo preventive chemotherapy. Recovery from this process is expected to take about six weeks. This regimen will restrict his travel during that period, but will not interfere with his continued leadership of the Company." Daniel DeMatteo, Executive Chairman, said, "Speaking for the Board, we have every confidence in Paulís continued leadership and wish him a speedy recovery. While he recovers, our highly-tenured executive team will ensure that our business continues without interruption."
06:11 EDTGMEGameStop FY14 guidance likely in-line, says Piper Jaffray
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August 15, 2014
06:01 EDTGMEJuly NPD video game software sales fell 15%, says Piper Jaffray
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