The Latest Breaking News from GME

Someone with a lot of money to spend has taken a bearish stance on GameStop (NYSE:GME). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

GameStop (NYSE:GME) has outperformed the market over the past 5 years by 23.48% on an annualized basis producing an average annual return of 33.85%. Currently, GameStop has a market capitalization of $7.29 billion.

Former GameStop Corp (NYSE:GME) employee Trevon Mack prosecuted the video game retail company in a proposed class-action lawsuit for allegedly violating New York Labor Law, the Polygon reports. Mack and his lawyer asserted that GameStop workers qualify as “manual laborers,” suggesting that 25% of their jobs require manual labor, like organizing stockrooms,…

Someone with a lot of money to spend has taken a bullish stance on GameStop (NYSE:GME). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

GameStop Corporation (NYSE: GME) was falling more than 6% at one point on Monday compared to the general market, which saw the S&P 500 trading mostly flat.

GameStop Corp (NYSE:GME) has appointed Nir Patel as its Chief Operating Officer (COO), effective May 31, 2022.  Patel previously served as the Chief Executive Officer (CEO) of Belk, a privately-owned retailer with more than 300 stores across 16 states.  GME noted Patel has about twenty years of experience in operations, merchandising, supply…

Shares of several companies in the broader retail sector, including GameStop Corp. (NYSE: GME), are trading higher amid overall market strength after the Federal Reserve announced it would raise the key interest rate by 50 basis points.

GameStop (NYSE:GME) has outperformed the market over the past 15 years by 2.09% on an annualized basis producing an average annual return of 9.18%. Currently, GameStop has a market capitalization of $9.47 billion.

Someone with a lot of money to spend has taken a bearish stance on GameStop (NYSE:GME). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga's options scanner just detected over 11 options trades for GameStop (NYSE:GME) summing a total amount of $791,136. At the same time, our algo caught 5 for a total amount of 240,836.

Last year, the retail trading boom caused stocks like Gamestop (GME) and AMC Entertainment (AMC) to skyrocket in price. The influence of online retail investor forums, such as Reddit, on these stocks helped them gain significantly irrespective of their fundamentals. But the market sell-offs this year have made popular Reddit…