GameStop (GME) Faces Minor Dip of 1.26% on November 10, Closing at $12.54

GameStop (GME) Stock Price

On November 10, the GameStop Corp (NYSE: GME) stock closed at $12.54, reflecting a decrease of $0.16 (1.26%) for the day. It's essential to note that stock prices are subject to market fluctuations and can be influenced by various factors, including market sentiment, company performance, and broader economic conditions.

GameStop (GME) Stock Analysis

On November 10, 2023, GameStop Corp (NYSE: GME) exhibited a closing price of $12.54, representing a slight decrease of $0.16 (1.26%) from the previous day's close at $12.70. The day's trading range saw GME fluctuate between $12.35 and $12.97. Notably, the after-hours trading showed a marginal uptick, reaching $12.56, reflecting a modest increase of $0.020 (0.16%) from the closing price.

In terms of the stock's performance over the past year, GameStop's 52-week high and low stood at $28.70 and $12.35, respectively. The current market capitalization for GameStop is reported at $3.83 billion. It's worth mentioning that the stock's present value is significantly lower than its 52-week high, potentially indicating a period of volatility or changes in market sentiment. Investors may closely monitor GameStop's performance and relevant market factors for potential shifts in the coming days.

GameStop (GME) Stock-Key Data

GameStop (GME) 

GameStop (NYSE: GME) is a prominent American retailer specializing in video games, consumer electronics, and gaming merchandise. Headquartered in Grapevine, Texas, it holds the distinction of being the largest video game retailer globally, operating 4,413 stores across the United States, Canada, Australia, and Europe under various brands such as GameStop, EB Games, and ThinkGeek. Initially founded in 1984 as Babbage's in Dallas, the company rebranded as GameStop in 1999.

The mid-to-late 2010s witnessed a decline in performance due to the rise of online video game sales and unsuccessful ventures into smartphone retail. Notably, in 2021, GameStop gained unprecedented attention when retail investors drove a surge in its stock price, triggered by an awareness of excessive short interest. Currently ranked 521st on the Fortune 500, GameStop has adapted to market shifts by transforming into an e-commerce business, acquiring and publishing Game Informer magazine, and exploring emerging technologies such as NFTs, albeit discontinuing its NFT platform in November 2023.