Gamestop (GME) is Downgraded by Sterne Agee CRT to Neutral

Gamestop (GME) is Downgraded by Sterne Agee CRT to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

GameStop Corp. has dropped 30.08% during the last 3-month period . Year-to-Date the stock performance stands at -13.97%.

Gamestop Corporation (NYSE:GME) has lost 1.16% during the past week and dropped 15.8% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.34%. Gamestop Corporation (NYSE:GME) has underperformed the index by 13.83% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Gamestop Corporation (NYSE:GME) ended Thursday session in red amid volatile trading. The shares closed down 0.44 points or 1.54% at $28.04 with 1,696,030 shares getting traded. Post opening the session at $28.43, the shares hit an intraday low of $28.03 and an intraday high of $28.86 and the price vacillated in this range throughout the day. The company has a market cap of $2,935 million and the number of outstanding shares have been calculated to be 104,670,330 shares. The 52-week high of Gamestop Corporation (NYSE:GME) is $47.825 and the 52-week low is $27.9.

Currently the company Insiders own 2.4% of Gamestop Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.78% . During last six month period, the net percent change held by insiders has seen a change of -6.76%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Koonin Steven R, director of Gamestop Corp., had unloaded 1,250 shares at an average price of $35.39 in a transaction dated on November 30, 2015. The total value of the transaction was worth $44,238.

GameStop Corp. (GameStop) is a holding company. GameStop is a multichannel video game retailer. It sells new and used video game hardware, physical and digital video game software, accessories, as well as personal computer (PC) entertainment software and other merchandise. As of January 28, 2012, its retail network of brands includes 6,683 Company-operated stores in the United States, Australia, Canada and Europe, primarily under the names GameStop, EB Games and Micromania. It operates in four segments: United States, Canada, Australia and Europe. It also operates electronic commerce Websites under the names www.gamestop.com, www.ebgames.com.au, www.gamestop.ca, www.gamestop.it, www.gamestop.es, www.gamestop.ie, www.gamestop.de, www.gamestop.co.uk and www.micromania.fr. The network also includes www.kongregate.com, Game Informer magazine, Spawn Labs, Inc. and a digital PC distribution platform. On March 31, 2011, GameStop acquired Spawn Labs, Inc. In May 2011, it purchased Impulse Inc.