GameStop Corp. (NYSE: GME) stock enjoyed a major increase of 17.0% on 5/2/24. The shares closed at $12.76. Moreover, trading volume in this advance was unusually high at 188% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 16.7% during the last week.
Current PriceTarget Research Rating
GME is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
GameStop has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. GameStop has a poor Appreciation Score of 16 and a very low Power Rating of 1, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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