GameStop Corp
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Consumer Discretionary : Specialty Retail | Mid Cap Blend
Company profile

GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operating segments, which consists of Video Game Brands segments: United States, Canada and Australia and Europe. Each of the Video Game Brands segments consists primarily of retail operations, with all stores engaged in the sale of new and pre-owned video game systems, software and accessories, which it refers to as video game products. Its Video Game Brands stores sell various types of digital products, including downloadable content, network points cards, prepaid digital, and also sell certain mobile and consumer electronics products and collectible products.

Closing Price
$204.97
Day's Change
-1.40 (-0.68%)
Bid
--
Ask
--
B/A Size
--
Day's High
212.49
Day's Low
200.78
Volume
(Above Average)
Volume:
3,950,643

10-day average volume:
3,503,949
3,950,643

Dow under pressure early Thursday as stock-market investors await final day of Powell testimony

9:35 am ET July 15, 2021 (MarketWatch)
Print

U.S. stock indexes traded lower Thursday morning ahead of Federal Reserve Chairman Jerome Powell's second, and final, day of congressional testimony on the outlook for the economy and monetary policy. His meeting with a Senate committee was set to kick off at 9:30 a.m. ET. The Dow Jones Industrial Average was down 0.3% at 34,841, while the S&P 500 index was down 0.3% at 4,359, while the Nasdaq Composite Index was down 0.4% at around 14,576. Powell told lawmakers on Wednesday that the central bank wouldn't be in a hurry to start paring monthly asset purchases and that the economy "is still a ways off." Meanwhile, in economic data, first-time claims for U.S. unemployment benefits fell to 360,000 last week, the Labor Department reported Thursday, down from 386,000 the previous week. The Philadelphia Fed's factory index fell to 21.9 in June from 30.7 in prior month. Separately, the New York Fed's Empire State Index jumped 25.6 points to a record-high reading of 43 in July. Economists had expected a reading of 17.3, according to a survey by The Wall Street Journal. Any reading above zero for either index indicates improving conditions. In corporate news, shares of Netflix Inc. (NFLX) was in focus after the entertainment company announced its first major videogame hire, potentially signaling a move beyond its streaming-video roots. Shares of GameStop Corp. (GME), meanwhile, were under pressure because of the prospect of competition from Netflix.

-Mark Decambre; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

July 15, 2021 09:35 ET (13:35 GMT)

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