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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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July 22, 2014
12:42 EDTGMEGameStop teases 'big announcement' for tomorrow
On its official corporate Twitter feed, GameStop announced it has a "Big announcement coming tomorrow" along with a pixelated obscured image. Reference Link
July 18, 2014
07:22 EDTGMETotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:38 EDTGMEJune NPD video game software sales fell 3%, says Piper Jaffray
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July 17, 2014
09:27 EDTGMEGameStop valuation compelling, says BofA/Merrill
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July 15, 2014
11:35 EDTGMEGameStop management to meet with BB&T
Meetings to be held in New York July 22-23 hosted by BB&T.

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