Long Position on GME @ $28.00 on 6/3/2024 (Momentum)

GameStop Corp. (GME), a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe.

BULLISH CUP AND HANDLEThe company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.

It sells collectibles comprising apparel, toys, trading cards, gadgets, and other retail products for pop culture and technology enthusiasts, as well as engages in the digital asset wallet and NFT marketplace activities.

The company operates stores and ecommerce sites under the GameStop, EB Games, and Micromania brands; and pop culture themed stores that sell collectibles, apparel, gadgets, electronics, toys, and other retail products under the Zing Pop Culture brand, as well as offers Game Informer magazine, a print and digital gaming publication.

The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas.

Entry Point: $28.00

Trading Range: $9.95 - $64.83

Stop Loss: $26.60

Target Price: $30.80

 

Updates

6/5/2024 11:18:47 AM

This stock closes at $30.35.

Position closed on 6/5/2024 at price of $30.25 with a 8.04% gain in 1 days.

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