GameStop Corp. (NYSE: GME) stock closed at $20.64 on 9/11/24 after a major decline of -12.0%. Moreover, exceptionally high trading volume at 282% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -10.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GME is expected to continue to be a modest Value Builder.
GameStop has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. GameStop has a very low Appreciation Score of 14 but a very high Power Rating of 96, and the Neutral Value Trend Rating results.
Rating Review
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.
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