Game Google Finance is on the New York stock exchange platform with the acronym of NYSE: GME. GameStop Corporation is an American video game, consumer electronics, and gaming merchandise retailer. The company has it headquarter in Grapevine, Texas, United States and so far, it’s the largest video game retailer worldwide.
The company was founded in Dallas in 1984 as Babbage’s and took on its present name in 1999. The company experience declined in its performance in mid-late 2010, this was because of the shift in video game sales to online shopping and downloads. Also, due to failed investment carried out by them in Smartphone retailing.
Game Google Finance
Game Google Finance as I mentioned earlier is an American video game, consumer electronics, and gaming merchandise retailer. The company has it headquarter in Grapevine, Texas, United States and so far it’s the largest video game retailer worldwide.
However, by January 30, 2021, the company operated with about 4,816 stores including 3,192 in the United States, about 253 in Canada, 417 in Australia, and 954 in Europe under GameStop, EB Games, ThinkGeek, and Micromania-Zing brands.
Also, in 2021, the Game stock shoots up due to a short squeezed Orchestrated by Reddit users platform r/Wall-Streeters. The company received significant media attention in January and February too because of its stock price volatility. In retail stores, GameStop published and own a magazine call Game Informer, a video game magazine. Presently, they ranked 464th position in the Fortune 500.
GameStop Financial Report
The Game company went public in 2002, GameStop started experiencing maximum growth in the late 1990s into the early 2010s. The company grew its revenue from $383 million in 1997 to $9.55 billion in 2011. But the experienced fall in its revenue in four out of five fiscal years from 2016 to 2020.
In 2020 the GameStop closed over hundreds plus stores due to the effects of the world coronavirus pandemic that wreaked havoc on brick-and-mortar retail business. Despite the company’s recent financial turbulence, GME shares surged in early 2021 as retail traders pushed the stock price upward and squeezed short-sellers who had bet on the company’s demise.
As a result, the stock has been highly volatile: GME shares shot up to an all-time intraday high of $483 on Jan. 28, 2021, before tumbling to $38.50 on Feb. 19. Ryan Cohen, the co-founder of the pet food retailer Chewy, joined the GameStop board in January 2021 after buying 10% of the company several months earlier.
Should You Buy Stock?
GameStop stock (GME) can be purchased through a broker or financial advisor. Before purchasing GME shares or any other type of security it’s important to take stock of your own finances and long-term goals. While GME’s dramatic price surges and drops have attracted scores of investors and dominated the financial headlines, you’ll have to determine whether the stock is a fit for your portfolio and risk tolerance.
How to Buy GME Stock with a Brokerage Account
Any investor can buy GameStop stock through a broker. Remember, the stock trades on the New York Stock Exchange under the GME ticker. I would need to have a brokerage account, before beginning trading.
Once you have an account, determine how many shares of GME stock you want to purchase. Also, know the price that will be convenient for you to buy. When you’re ready to place an order, you can either use market order or limit order choose between the two. The market order grants you access to purchase stock at its current market price. A limit order, however, allows you to set the maximum price you’re willing to pay for a share.
Keep in mind that if you can’t afford a full share of GME or other stocks, online brokerages allow you to invest in fractional shares. Using this option, you can invest any dollar amount in GME stock.