Latest News

What’s Going On With GameStop Stock Today?

0

© Reuters What’s Going On With GameStop Stock Today?

GameStop Corp (NYSE: NYSE:GME) shares are trading lower Monday alongside several other stocks in the broader consumer discretionary sector amid overall market weakness as a rise in bond yields weighs on stocks.

The U.S. 10-Year Treasury note reached new three-year highs last week before pulling back. It’s moving higher again Monday, hovering around 2.858% at time of publication. The strength comes as investors continue to assess inflationary pressures.

Investors are also preparing to assess the financial impact stemming from the Russia-Ukraine conflict as a large number of companies are set to report earnings this week.

Twitter (NYSE:TWTR) philanthropist Bill Pulte also announced that he purchased 430 shares of GameStop Monday for $61,490.

See Also: You Ask, We Analyze: Why AMC Entertainment Looks Set To Rebound Into This Pattern

GameStop is a U.S. multichannel video game, consumer electronics and services retailer.

GME 52-Week Range: $77.58 – $344.66

According to data from Benzinga Pro, the stock was down 6.09% at $141.83 at press time.

Photo: JJBers from Flickr.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

What’s Going On With GameStop Stock Today?

Warren Buffett’s Bear Market Maneuvers

Previous article

Royal Caribbean Makes a Change Passengers Will Love

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News