GameStop Corp. (NYSE: GME)
ALERT – RECENT EXTREME PRICE ACTION
Significant Market Action
GameStop Corp. (NYSE: GME) stock suffered a major decline on 3/29/18. The shares declined -10.8%, closing at $12.62. Moreover, trading volume was exceptionally high at 628% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -10.0% during the last week.
GME is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
GameStop has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. GameStop has a very high Appreciation Score of 95 but a very low Power Rating of 3, triggering the Neutral Value Trend Rating.
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.