GameStop (NYSE:GME) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why
by Amy Steele · The Cerbat GemGameStop Corp. (NYSE:GME – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.85 and traded as high as $25.08. GameStop shares last traded at $24.9860, with a volume of 4,466,128 shares trading hands.
GameStop News Summary
Here are the key news stories impacting GameStop this week:
- Positive Sentiment: Multiple major outlets report GameStop is preparing an offer for eBay — a potential transformational M&A move that would align with CEO Ryan Cohen’s push to scale the company and could justify a material re‑rating if carried out. GameStop Preparing Offer for eBay (WSJ)
- Positive Sentiment: Reports say GameStop has been quietly building a stake in eBay ahead of a potential offer — stake-building can increase the chance of a negotiated deal or give GameStop leverage in talks. GameStop Is Looking to Buy eBay, Report Says (Barron’s)
- Positive Sentiment: Unusual bullish options activity: roughly 364,134 call contracts were bought (up ~88% vs. typical volume) — indicates speculative positioning, institutional bullish bets or hedging around the takeover rumor, which amplifies upward price pressure.
- Neutral Sentiment: eBay shares also jumped on the news — market confirms takeover interest but a higher eBay share price makes any bid more expensive and could change deal economics. GameStop expected to bid for eBay this month; shares rocket (Yahoo)
- Neutral Sentiment: Trading surged and volatility rose (volume well above averages) — that increases short‑term liquidity but also raises the risk of sharp reversals if the rumor doesn’t develop into a credible bid.
- Negative Sentiment: Skepticism about feasibility and financing: outlets and retail investors are questioning how GameStop would fund and integrate a large, established marketplace like eBay; regulatory scrutiny, financing needs, or a failed bid could trigger a pullback or dilute returns. GME reportedly wants to buy eBay but retail wonders how; eBay stock soars (MSN)
Analysts Set New Price Targets
Several brokerages have recently issued reports on GME. Weiss Ratings upgraded GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. Wall Street Zen cut GameStop from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $13.50.
Read Our Latest Research Report on GameStop
GameStop Stock Performance
The company has a debt-to-equity ratio of 0.76, a current ratio of 15.30 and a quick ratio of 14.68. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 35.35 and a beta of 1.86. The stock has a 50 day simple moving average of $23.83 and a two-hundred day simple moving average of $22.85.
GameStop (NYSE:GME – Get Free Report) last posted its quarterly earnings results on Tuesday, March 24th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.12. GameStop had a return on equity of 12.47% and a net margin of 11.53%.The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.47 billion.
Insider Activity
In other GameStop news, insider Daniel William Moore sold 7,210 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $22.94, for a total transaction of $165,397.40. Following the transaction, the insider owned 101,014 shares of the company’s stock, valued at approximately $2,317,261.16. This trade represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Mark Haymond Robinson sold 7,209 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $22.94, for a total value of $165,374.46. Following the transaction, the general counsel directly owned 97,946 shares in the company, valued at approximately $2,246,881.24. The trade was a 6.86% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 18,331 shares of company stock worth $421,491. Corporate insiders own 8.58% of the company’s stock.
Hedge Funds Weigh In On GameStop
Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of GameStop by 308.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock worth $26,000 after purchasing an additional 732 shares during the last quarter. City Holding Co. purchased a new position in shares of GameStop during the third quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of GameStop by 226.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after purchasing an additional 886 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of GameStop during the third quarter worth about $39,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of GameStop during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 29.21% of the company’s stock.
About GameStop
GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.
Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.