Is it Time to Dump GameStop Corp (GME) Stock After it Is Down 9.39% in a Week?

GameStop Corp (GME) stock is down 9.39% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

GameStop Corp has a Bearish 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?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With GME Stock Today?

GameStop Corp (GME) stock is trading at $11.87 as of 11:21 AM on Monday, Apr 1, a drop of -$0.66, or -5.23% from the previous closing price of $12.52. The stock has traded between $11.72 and $12.67 so far today. Volume today is 3,505,866 compared to average volume of 4,451,486. To screen for more stocks like 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.