Is GameStop Corp. (GME) Stock About to Get Hot Wednesday?

Overall market sentiment has been neutral on GameStop Corp. (GME) stock lately. GME receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

GameStop Corp. has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on GME!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With GME Stock Today?

GameStop Corp. (GME) stock is trading at $28.34 as of 9:43 AM on Wednesday, Nov 2, a loss of -$0.05, or -0.18% from the previous closing price of $28.39. The stock has traded between $27.80 and $28.73 so far today. Volume today is light. So far 33,488 shares have traded compared to average volume of 4,593,153 shares. To see InvestorsObserver's Sentiment Score for GameStop Corp. click here.

More About GameStop Corp.

GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites, including www.gamestop.com, www.ebgames.com.au, and www.micromania.fr. The company has two main business segments: Video game brands and Technology brands. The technology brands segment sells wireless products and services and operates Spring Mobile managed AT&T and Cricket Wireless branded stores, along with the Simply Mac business. Click Here to get the full Stock Report for GameStop Corp. stock.