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GameStop Corp (NYSE:GME) shares are trading lower by 4.2% to $12.62 during Thursday’s session. The stock is trading lower on downward momentum after the company this week reported worse-than-expected fourth-quarter financial results.
GameStop’s fourth-quarter net sales amounted to $1.794 billion, a decrease from $2.226 billion compared to the previous year. This figure fell short of the Street’s consensus estimate of $2.05 billion. Earnings per share for the quarter were 22 cents, also below the Street’s estimate of 29 cents per share.
Full fiscal year net sales were $5.273 billion, down from the previous year’s total of $5.927 billion…Read More
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in GameStop’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, GME has a 52-week high of $27.65 and a 52-week low of $11.82.
Posted In: GME
