Shares of GameStop Rise to a New 52-Week High

Published on Thu, 07/09/2015 - 14:17
By Adrienne Chilton in 52 Week high-lows, GME, 52 week high/lows, gamestop, nyse:gme

Shares of GameStop (NYSE:GME) traded today at $47.01, breaking its 52-week high. This new high was reached on approximately average trading volume as 1.8 million shares traded hands, while the average 30-day volume is approximately 2.1 million shares.

GameStop (NYSE:GME) is currently priced 2.5% above its average consensus analyst price target of $45.53. The stock should find initial support at its 50-day moving average (MA) of $41.97 and further support at its 200-day MA of $39.40.

GameStop Corporation operates specialty electronic game and PC entertainment software stores throughout the United States, Australia, Canada and Europe. The Company stores sell new and used video game hardware, video game software and accessories, as well as PC entertainment software, and related accessories and other merchandise.

Over the past year, GameStop has traded in a range of $31.69 to $47.01 and is now at $46.71, 47% above that low. The 200-day and 50-day moving averages have moved 0.06% higher and 0.71% higher over the past week, respectively.

By Adrienne Chilton
achilton@fnno.com

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