GameStop Corp. (NYSE: GME) stock enjoyed a major increase of 10.5% on 10/28/24. The shares closed at $22.73. Moreover, this advance was accompanied by unusually high trading volume at 154% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 7.1% 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 (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. GameStop has a poor Appreciation Score of 17 but a very high Power Rating of 100, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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