GameStop Corp . (NYSE:GME) executive Daniel William Moore, who serves as the company’s PFO and PAO, recently sold 7,779 shares of the company's Class A Common Stock. The transaction, which occurred on April 24, 2024, brought in over $79,000 for Moore.
The shares were sold at a weighted average price of $10.2021, with individual sales prices ranging from $10.20 to $10.23. This information was disclosed in a footnote, which also stated Moore's commitment to provide detailed information on the number of shares sold at each price point if requested by GameStop Corp., any of its security holders, or the SEC.
Following the sale, Moore still holds a total of 13,606 shares in GameStop, maintaining a stake in the company's future. This move by a high-ranking executive might be of interest to investors, as insider transactions can often provide insights into a company's health and the confidence of its leaders in the company’s prospects.
GameStop, a retailer specializing in video games and consumer electronics, has been at the center of significant market activity in recent years, with its stock becoming a focal point for retail and institutional investors alike.
The sale by Moore comes at a time when the market is closely watching every move of GameStop's executives, given the company's high profile in the stock market. Investors and analysts often look to insider buying and selling as one of many indicators to help inform their investment decisions regarding the company's stock.
InvestingPro Insights
GameStop Corp. (NYSE:GME) has been a company of interest for many investors, especially following the recent insider sale by executive Daniel William Moore. To provide a deeper understanding of GameStop's current financial standing and market performance, here are some key metrics and tips from InvestingPro.
InvestingPro Data:
- Market Capitalization: $3,430M USD, showcasing the company's substantial size within the retail and consumer electronics market.
- P/E Ratio (Adjusted) last twelve months as of Q4 2024: 308.68, indicating a high valuation of the company's earnings which might concern value-focused investors.
- Revenue last twelve months as of Q4 2024: $5,272.8M USD, which reflects the company's ability to generate significant sales despite a challenging retail environment.
InvestingPro Tips:
1. GameStop holds more cash than debt on its balance sheet, which may provide some reassurance to investors about the company's financial resilience.
2. The stock has experienced a significant return over the last week, with a 7.58% price total return, which could capture the interest of momentum investors.
Investors interested in gaining further insights into GameStop's performance and future prospects can find additional InvestingPro Tips by visiting https://www.investing.com/pro/GME. Currently, there are 14 additional tips available, which can be accessed alongside real-time data and analytics. For those looking to subscribe, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing your investment research toolkit.
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