GameStop Corp.

GameStop Corp., the world’s largest video game retailer, is a staple in American homes, known for its video games, consumer electronics, and gaming merchandise. Established as Babbage's in 1984 in Dallas, Texas by James McCurry and Gary Kustin, it was renamed GameStop in 1999. As of 2021, GameStop employs 12,000 people across over 4,800 stores globally.

The company went public in 2002 under the NYSE ticker GME, priced at USD 18 per share. However, by the mid-2010s, GameStop's performance faltered due to poor investments in smartphone retail and a market shift to online game sales and downloads, exacerbated by a decline in in-person sales during the COVID-19 pandemic.

In January 2021, GameStop's stock became the center of a dramatic short squeeze, peaking at over USD 500 per share due to intense buying to cover short positions, causing significant financial repercussions for hedge funds and substantial losses for individual traders. The stock price has remained volatile since, with significant swings including a sharp drop and recovery in March 2021 following earnings announcements and a secondary stock offering.

By the end of 2021, GameStop's market capitalisation stood at USD 15.92 billion, with 36% of its stock held by the public; 45% by institutions like RC Ventures, Blackrock, and Vanguard; and 19% by insiders, including company officers and directors.

Echoing the 2021 frenzy, on 14 May 2024, GameStop and AMC shares skyrocketed due to “Roaring Kitty” Keith Gill reigniting meme stock mania. Stock values doubled in a single trading session and short sellers faced significant losses—the market cap for GameStop jumped to USD 18 billion. Both retail and institutional investors were stirred into action for this resurgence, despite the tougher economic climate.

In addition to the fundamental risks associated with Gamestop shares, retail investors should also be aware of potential downside risks related to market sentiment and speculative trading activity. The stock's value may be influenced by short-term market trends, social media hype, and speculative trading behavior, which can lead to significant price volatility and potential losses for retail investors. These non-fundamental factors can create additional uncertainty and risk for those holding Gamestop shares, and it's important for retail investors to consider the impact of market sentiment and speculative trading on the stock's value.

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Frequently asked questions about GameStop Corp.

Find quick answers to your questions about trading GameStop Corp. at Saxo Markets. We've gathered answers to the questions we get most often from new and existing customers.

If you want to buy GameStop Corp. shares, you can log in to our platform and search for the ticker "GME". If you don’t have one yet, you can create a Saxo account to get started.

You can check the current share price by logging in to your account and searching for the ticker "GME". When you have selected the GME stock, click the info (i) icon next to the Trade button and view the Trading rates tab to see transaction costs. Create a Saxo account to get started.

To help you determine whether GameStop Corp. is a good investment for you, our trading platforms have a wide range of financial information to help. Log in to access stock analyses, financial reports, and current and historical price charts. Create an account to get started.

GameStop Corp. does not currently pay dividends to shareholders. This is typical of technology companies that prefer to reinvest excess capital back into their businesses to fund growth initiatives.

To see how GameStop Corp. shares have performed in the past, log in to your account in your preferred Saxo trading platform and check out detailed price charts and historical financial data. If you don’t have one yet, you can create an account to get started.

Information on this page is not intended as investment advice or individual trading recommendations. The author's compensation is not related to specific recommendations or views. Although we use reliable sources to compile this information, Saxo Markets cannot guarantee it is accurate, complete, or current. Using this information without verification is at your own risk. No rights can be derived from this content. Investments carry risk, and your investment may decrease in value. You can read more information about specific products and their risks on the product pages.

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