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GameStop Stock Soars 45% on 'Roaring Kitty' Posts on Twitter GameStop shares surged 45% as markets opened on Monday, with Keith Gill, also known as "Roaring Kitty," posting to social media for the first time in nearly three years. Gill was a key driver of the meme stock craze of late 2020 and early 2021, rising to prominence due to his substantial bets on the stock. Gill's enthusiasm over the stock drove the online excitement, along with other figures, including activist investor Ryan Cohen, who worked his way to the GameStop ( NYSE:GME ) board and was named CEO last year. Gill was a streamer who bought $53,000 worth of GameStop ( NYSE:GME ) shares in 2019 after learning about the investing world and becoming convinced that the retailer was undervalued. At the peak of the meme stock surge, Gill's position was worth an estimated $48 million. He eventually said goodbye to his online persona, last posting to YouTube and X (then Twitter) in 2021. Users of the WallStreetBets subreddit, the online community that was central to the GameStop ( NYSE:GME ) surge of 2020, expressed excitement about Gill's return, with many top posts on the forum about Gill's post or GameStop's price as of Monday morning. GameStop ( NYSE:GME ) and the company's stock symbol, NYSE:GME , were each trending on X Monday morning, with many users celebrating Gill's return and posting about their investments into the stock. GameStop shares ( NYSE:GME ) are still well below the all-time high of $120.75 they reached on Jan. 28, 2021, but more than double its value from the start of May.
NYSE:GMELong
by DEXWireNews
Shares of GameStop ($GME) Stock Climbed More Than 13% ThursdayGameStop ( NYSE:GME ) stock has risen 13.1% to its highest close since December, marking a resurgence for the videogame retailer and original meme stock. The stock closed at $18.01, its highest since December 28, when it ended at $18.07. GameStop ( NYSE:GME ) shares also recorded their biggest single daily percentage gain since May 3, when they climbed 29.1%. Despite facing significant challenges, GameStop's stock price has surged, reminding investors of the 2021 surge from less than $10 per share to $120. Revenues in Q4 dropped to $1.79 billion, down from $2.2 billion in 2022, and analysts expect revenues for 2024 to be $4.9 billion followed by $4.7 billion in 2025. The gaming industry is changing, with people preferring to buy gaming consoles online directly from manufacturers or third-party sellers. GameStop's attempts to diversify its income have failed, with its entry into the Non-Fungible Token (NFT) industry failing. Despite this, GameStop ( NYSE:GME ) still has one of the best balance sheets in the industry, with little debt of just $17 million and capital leases of $386 million against cash and short-term investments of almost $1.2 billion. In 2023, the company made almost $50 million in interest income, helping it turn a small profit of $6.5 million. The daily Price chart shows that GameStop's stock price has soared due to a falling wedge pattern, which is one of the best-known reversal signs. Traders need to be cautious of a trend reversal as Gamestop stock ( NYSE:GME ) has a Relative Strength Index (RSI) of 75.89 which is in the overbought region.
NYSE:GMELong
by DEXWireNews
GameStop Balanced Financial Struggles with Bullish BreakoutAmidst a turbulent period marked by declining stock prices and revenue woes, GameStop Corporation ( NYSE:GME ) finds itself at a crossroads in the gaming industry. Despite facing significant setbacks, including a staggering decline in stock price and revenue, the company maintains a robust balance sheet and strategic initiatives that hint at a potential turnaround. As GameStop ( NYSE:GME ) grapples with its financial challenges, investors closely scrutinize its recent decision to invest excess cash into other ventures rather than pursuing stock buybacks. This move has sparked debate among stakeholders, raising questions about the company's long-term strategy and allocation of resources. With the anticipation of the company's upcoming financial results, scheduled to be unveiled on Tuesday, analysts and investors alike eagerly await insights into GameStop's ( NYSE:GME ) performance amidst a slowing gaming industry. Despite recent revenue declines, the company's ability to narrow losses through cost-cutting measures offers a glimmer of hope for a potential rebound. Technical analysts point to a compelling bullish breakout potential, as GameStop ( NYSE:GME ) forms a falling wedge pattern nearing its confluence zone. This bullish signal, coupled with an upcoming earnings announcement, underscores the pivotal moment for the company's trajectory, with $15 emerging as a key milestone to watch. In the face of adversity, GameStop ( NYSE:GME ) retains its resilience, bolstered by a strong balance sheet boasting substantial cash reserves and minimal debt. While challenges persist, the convergence of financial stability and bullish technical indicators presents an intriguing investment opportunity for discerning investors seeking to capitalize on potential upside momentum. As GameStop ( NYSE:GME ) navigates these uncertain waters, the company's ability to strike a balance between addressing financial struggles and leveraging breakout opportunities will ultimately determine its path forward in the ever-evolving gaming landscape.
NYSE:GMELong
by DEXWireNews
GME looks to be getting ready for a sling-shot bull-trap!With the recent bankruptcy of Evergrande, forcing the liquidation of its many short positions, rumored to include equities like GME, AMC, etc., many traders are expecting another brief 'short squeeze' as a result. The charts seem to indicate that GME could make a nice move from current levels ($14.75), possibly even dropping to the bottom of the wedge to the $13.90ish level before bouncing to the upper trend line (white dashed line) to approximately the $18.42 level in the next 15 to 20 days (mid-February), followed by what I believe will be a sharp reversal from that level to a downward move over the 2 to 3 weeks following, back down to the $11.83 level. If GME falls below the $11.83 level (lower white dashed line) on the charts, we could easily see the price drop below the $10 level. If you study the chart, GME is pretty consistent about making a move, falling back, then retesting at or near the top of the previous high before pulling back, which in some cases gives you a chance to break even on a bad trade or even double-tap a successful trade. Either way, GME can blow the doors off any size account if not traded with due diligence. No potential gain is worth blowing out your account. Great traders trade with discipline, and disciplined traders stand the test of time because they never put their ability to trade at risk. I personally never put more than 25% of my account at risk on a single trade. Don't take these charts as gospel, but don't ignore them either! There are two types of traders in my books: followers/copy-traders and leaders/trail-blazers. Which one are you? Good luck, and always use a stop or a buy-limit hedge!
NYSE:GME
by MetaShackle
The Rise of GameStop Memes: A Revolutionary Approach to CryptoThe world of cryptocurrency is witnessing an intense battle for a 100x return on investment, with Meme Coins leading the charge. While coins like Avalanche (AVAX) and Shiba Inu (SHIB) have been in the spotlight, there is a new contender that is turning heads and intriguing investors with its unique approach – GameStop Memes (GSM). Avalanche has experienced a remarkable surge, with its prices skyrocketingan astonishing 200% between October and November. This upward trend can be attributed to strategic announcements and partnerships that have ignited bullish momentum. The recent introduction of Avalanche 2.0, aimed at enhancing speed, integration, and interoperability, positions the network to become a robust foundation for the trillion-dollar crypto industry. Partnering with industry giants like JPM, Citi, Wisdom Tree, T.Rowe Price, and KKR has further opened doors for broader adoption and institutional exposure. On the other hand, GameStop Memes takes a different path. Instead of relying on partnerships and technological advancements, GSM leverages the power of community-driven dynamics and meme culture to create a distinctive appeal that goes beyond the traditional crypto narrative. By doing so, GSM positions itself as an accessible and engaging option for a diverse range of investors. Shiba Inu, however, has taken a different approach to increase its token’s value. The strategy of burning tokens aims to lower the quantity in circulation, but its effectiveness remains a subject of debate within the crypto community. With a large circulating supply in the trillions, significant token destruction is necessary to have a substantial impact on SHIB’s price. While recent increases in SHIB burn rates are noteworthy, they have only affected a negligible portion of the total supply. In contrast, GameStop Memes has found success through its unique blend of humour-driven community engagement and solid tokenomics. The project’s focus on meme culture and its incorporation into everyday life resonates with investors looking for transparency and practical investment options. As GameStop Memes continues to make waves in the crypto space, it has raised $2 million in just 24 hours during its presale phase, showcasing its potential. With its innovative and community-driven approach, GSM stands as a revolutionary player in the crowded crypto landscape. Beyond the allure of rapid gains, the project integrates practical utility, making it a dark horse that could disrupt the market with its rebellious nature and potential for 100x returns.
NYSE:GMELong
by DEXWireNews
GME (Gamestop) Price Analysis 30 Min ChartHello and good morning fellow traders! hope you are all feeling great about today. So after watching the opening of the market this morning I came up with this idea. GME just lost the 20.35 -21- support lvl and has dipped into the green lvl of support shown on the Ichimoku cloud. It must hold the 17.17 -18.78 LVL of support or else GME will continue to the downside. On the flip side ... if GME ends up pushing back and flipping the current zone of resistance back to support we could see GME go up and test the 22.84 -23.26 lvl. Stay safe out there guys! keep your heads up ! Enjoy your day !!! :)
NYSE:GME
by owenNations
1.5 years ago - What did I tell you? Hate to say it but after such a long time, and me back at beginning posting & warning ppl that GME isn't going to squeeze and here we are. Still could we see a retracement after this sell pressure, yes I think GME could retest even 77$ but still not an indication for me that price will blow up. It would be a natural retracement after a year of bearishness, so some kind of retracement is due. Yes I heard about the NFT launch, honestly NFTs aren't solving anything and please do read the small letters since most of the time you don't actually own the NFT itself.
NYSE:GME
by CryptoHedging
18
Stock split incoming - where next for GameStop? GameStop Short Term We look to Sell at 149.60 (stop at 158.76) Preferred trade is to sell into rallies. Trading within the Channel formation. Bespoke resistance is located at 150.00. Our bias remains bearish and further downside is expected to target support at 115.00. Our profit targets will be 116.08 and 101.00 Resistance: 150.00 / 190.00 / 200.00 Support: 115.00 / 90.00 / 77.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:GMEShort
by Saxo
2
GameStop’s stock price in the lead up to its stock split It has been a volatile four months for GameStop’s (NYSE:GME) stock since the company announced its planned stock split on March 31. Four-for-one split On March 31, GameStop disclosed plans to carry out a stock split by boosting its share count to 1 billion from 300 million. A stock split does not necessarily increase a company’s market capitalization, but it makes a stock more attractive and more affordable for small investors. At the time of the announcement, GameStop said the move would “provide flexibility for future corporate needs.” The plan secured board approval on July 6 and on Monday, July 18, shareholders will receive three additional shares for each of their class A share, which will be distributed after the close of trading on July 21. Stock price since split announcement In the four months since the announcement of the split, GameStop’s stock has fallen to as low as $77.77 on May 12, and to as high as $153.00. On Friday, the company closed 4% higher on the New York Stock Exchange, and 3.5% higher on the following Monday at $146.64, an almost three-month high. Based on its closing price on Monday, the split would mean that GameStop’s share price would only cost around $36. Stock split mania GameStop’s move follows that of tech heavyweights like Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA), which enacted stock splits in 2020 and new stock splits by Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) this year. The need for Alphabet and Amazon stock splits were as expected as their share prices have hovered around $3,000 in recent months. But for GameStop, some financial watchers have questioned the company’s intent to do a split as its financials are failing to keep up with its stock price. In the fiscal year ended Jan. 29, GameStop incurred a net loss of $381 million, up 77% from its $215 million loss in 2020. That is despite revenue climbing to $6.01 billion from $5.09 billion. There have also been concerns that GameStop may be going out of business as the company had announced store closures and booked millions of dollars in debt. In its most recent earnings report, however, the company’s first-quarter revenue beat market estimates, which some have attributed to its shift towards a more online-focused model. The company had earlier disclosed plans to foray into non-fungible tokens or NFTs by the end of the second quarter of fiscal year 2022. The plan has raised some eyebrows from market watchers including Wedbush analyst Michael Pachter, who described the move as “nonsense,” saying it will "have no NFTs for sale and no customers, and wallets they are providing will be empty."
NYSE:GME
by BlackBull_Markets
4
GME: Meme stock buy!GameStop - Short Term - We look to Buy at 121.05 (stop at 106.04) The trend of higher lows is located at 121.00. This is positive for sentiment and the uptrend has potential to return. Prices expected to stall near trend line support. We look to buy dips. Further upside is expected. Our profit targets will be 166.95 and 180.00 Resistance: 167.00 / 200.00 / 240.00 Support: 121.00 / 80.00 / 40.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:GMELong
by VantageMarkets
Back in the GameGameStop Short Term We look to Buy at 118.26 (stop at 110.74) Preferred trade is to buy on dips. As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. Levels close to the 50% pullback level of 115.39 found buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 120.00, resulting in improved risk/reward. Our profit targets will be 147.26 and 180.00 Resistance: 150.00 / 190.00 / 200.00 Support: 120.00 / 90.00 / 77.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:GMELong
by Saxo
GME: More bleeding expected!!GameStop Short Term - We look to Sell at 91.90 (stop at 108.16) The primary trend remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected. Preferred trade is to sell into rallies. Our profit targets will be 57.10 and 40.00 Resistance: 92.00 / 94.00 / 96.00 Support: 81.00 / 79.00 / 77.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:GMEShort
by VantageMarkets
2