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2023-06-13

What about Ryan's shares?

Insiders Are Buying Up GameStop Stock Now

2022-03-24

I'm looking forward to how this articles ages. I'd guess it'll be similar to milk

GameStop’s Crypto Dreams Are a Long Shot. What Are NFTs Even Worth?

2022-03-16

What more would you expect from these guys. Let's see how this ages.....

Can GameStop Turn Things Around?

Go to Tiger App to see more news

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In addition, GameStop appointed Ryan Cohen as Executive Chairman of the company. However, that didn’t stop two insiders from viewing the situation as a buy-the-dip opportunity.</p><p style=\"text-align: start;\">On June 9, Director Alain Attal purchased 10,000 shares at an average price of $22.40 per share. In total, the purchase was worth $224,000. Following the transaction, Attal now owns a total of 538,692 shares.</p><p style=\"text-align: start;\">On the same day, Director Lawrence Cheng purchased 5,000 shares at an average price of $22.37 per share. The transaction, worth $111,900, brought his total stake to 49,088 shares. Both Attal and Cheng’s purchases came just two days after the video game retailer reported its earnings.</p><h2 style=\"text-align: start;\">Insiders Buy the GME Stock Earnings Dip</h2><p style=\"text-align: start;\">Insider activity for GME stock has been surprisingly bullish this year. No insider has sold shares on the open market in 2023 while two insiders — Attal and Cheng — have made open market buys. In addition, there have been a total of three insider buys this year, including the two mentioned above. The other buy was made on March 29 by Cheng for 5,000 shares at an average price of $22.79 per share. So far this year, insiders have purchased $449,889 worth of GME stock on the open market while selling zero shares.</p><p style=\"text-align: start;\">As the old Peter Lynch saying goes, “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” That certainly seems to be what Attal and Cheng are doing.</p><p style=\"text-align: start;\">Meanwhile, GameStop seems to be going through plenty of changes, namely leadership switch-ups. The company has also engaged in cost-cutting practices, such as initiating exits and partial wind-downs in Europe in an attempt to boost profitability. During Q1, GameStop reported a net loss of $50.5 million, improving from a net loss of $157.9 million a year ago. At the same time, sales for the quarter totaled $1.237 billion, down from $1.378 billion last year.</p><p style=\"text-align: start;\">Ryan Cohen is a popular figure among shareholders, who have high hopes that he will turn the company around. GameStop noted that the new Executive Chairman will “focus on capital allocation and overseeing management.”</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Insiders Are Buying Up GameStop Stock Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInsiders Are Buying Up GameStop Stock Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-13 14:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/06/insiders-are-buying-up-gamestop-gme-stock-now/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (GME) Director Alain Attal purchased 10,000 shares of GME stock on June 9.On the same day, Director Lawrence Cheng purchased 5,000 shares.GME stock is up more than 35% so far this year....</p>\n\n<a href=\"https://investorplace.com/2023/06/insiders-are-buying-up-gamestop-gme-stock-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2023/06/insiders-are-buying-up-gamestop-gme-stock-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114955105","content_text":"GameStop (GME) Director Alain Attal purchased 10,000 shares of GME stock on June 9.On the same day, Director Lawrence Cheng purchased 5,000 shares.GME stock is up more than 35% so far this year.GameStop (NYSE: GME) stock recently plunged lower after the company reported a disappointing first quarter and the termination of CEO Matt Furlong. In addition, GameStop appointed Ryan Cohen as Executive Chairman of the company. However, that didn’t stop two insiders from viewing the situation as a buy-the-dip opportunity.On June 9, Director Alain Attal purchased 10,000 shares at an average price of $22.40 per share. In total, the purchase was worth $224,000. Following the transaction, Attal now owns a total of 538,692 shares.On the same day, Director Lawrence Cheng purchased 5,000 shares at an average price of $22.37 per share. The transaction, worth $111,900, brought his total stake to 49,088 shares. Both Attal and Cheng’s purchases came just two days after the video game retailer reported its earnings.Insiders Buy the GME Stock Earnings DipInsider activity for GME stock has been surprisingly bullish this year. No insider has sold shares on the open market in 2023 while two insiders — Attal and Cheng — have made open market buys. In addition, there have been a total of three insider buys this year, including the two mentioned above. The other buy was made on March 29 by Cheng for 5,000 shares at an average price of $22.79 per share. So far this year, insiders have purchased $449,889 worth of GME stock on the open market while selling zero shares.As the old Peter Lynch saying goes, “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” That certainly seems to be what Attal and Cheng are doing.Meanwhile, GameStop seems to be going through plenty of changes, namely leadership switch-ups. The company has also engaged in cost-cutting practices, such as initiating exits and partial wind-downs in Europe in an attempt to boost profitability. During Q1, GameStop reported a net loss of $50.5 million, improving from a net loss of $157.9 million a year ago. At the same time, sales for the quarter totaled $1.237 billion, down from $1.378 billion last year.Ryan Cohen is a popular figure among shareholders, who have high hopes that he will turn the company around. GameStop noted that the new Executive Chairman will “focus on capital allocation and overseeing management.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":463,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037296424,"gmtCreate":1648107815811,"gmtModify":1676534305283,"author":{"id":"3584135614129395","authorId":"3584135614129395","name":"leinad","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584135614129395","authorIdStr":"3584135614129395"},"themes":[],"htmlText":"I'm looking forward to how this articles ages. I'd guess it'll be similar to milk&nbsp;","listText":"I'm looking forward to how this articles ages. I'd guess it'll be similar to milk&nbsp;","text":"I'm looking forward to how this articles ages. I'd guess it'll be similar to milk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037296424","repostId":"1185777589","repostType":2,"repost":{"id":"1185777589","kind":"news","pubTimestamp":1648089547,"share":"https://ttm.financial/m/news/1185777589?lang=&edition=fundamental","pubTime":"2022-03-24 10:39","market":"us","language":"en","title":"GameStop’s Crypto Dreams Are a Long Shot. What Are NFTs Even Worth?","url":"https://stock-news.laohu8.com/highlight/detail?id=1185777589","media":"Barron's","summary":"GameStop plans to launch an NFT marketplace, a far cry from its bricks-and-mortar roots. Justin Sull","content":"<html><head></head><body><p>GameStop plans to launch an NFT marketplace, a far cry from its bricks-and-mortar roots. Justin Sullivan/Getty Images</p><p>GameStop expects to launch a marketplace for non-fungible tokens, or NFTs, by the end of July, pushing into the digital asset space as investors hope for a wider turnaround at the embattled video game retailer.</p><p>The move into NFTs would be a significant departure from GameStop’s (ticker: GME) core retail business. It’s also a gamble that may not move the revenue needle much, and adds another element of uncertainty around the highly volatile stock.</p><p>One of the original meme stocks, GameStop continues to defy traditional analysis or trading. The shares surged more than 40% in the past few days and were ahead 12% Wednesday, thanks in part to a burst of buying by chairman Ryan Cohen. Over the past 52 weeks, the stock has ranged from $78 to $345, recently trading around $138.</p><p>The crux of GameStop’s NFT initiative is a partnership with blockchain group Immutable X, a startup. The companies plan to back NFT developers with grants through a proprietary token called IMX, doling out up to $100 million, according to a press release. GameStop could eventually receive $150 million worth of IMX tokens if its NFT marketplace and sales hit certain metrics.</p><p>Accelerating the push into NFTs is Cohen, an entrepreneur who has been trying to reposition GameStop into more of a tech company. So far, that hasn’t led to profits. GameStop recently notched a surprise $148 million net loss in its last fiscal quarter, ending in January 2022.</p><p>GameStop did not respond to a request for comment from Barron’s. However, the company has outlined plans to become more of an online marketplace for video games and related products, aiming to transform into a kind of Amazon.com (AMZN) for gaming.</p><p>NFTs, theoretically, fit into that vision. And Wall Street sees a large total addressable market. Jefferies analyst Stephanie Wissink expects the NFT market to reach $35 billion in sales this year and $80 billion by 2025. GameStop’s partnership with Immutable X is “a start to giving the investment community more clarity into what [the company] hopes to become,” she wrote in a recent note.</p><p>Yet attaching numbers to GameStop’s NFT initiative is a bit of a guessing game. And GameStop wouldn’t have the market to itself—other companies are building NFT marketplaces, notably Coinbase Global (COIN).</p><p>What is it all worth? The largest NFT platform, Opensea, does about $3 billion in monthly NFT volume and charges a 2.5% fee on sales. That implies monthly transaction revenue of $75 million or $900 million annualized.</p><p>If Coinbase were to capture half the Opensea volume with the same fee structure, it would yield $450 million in annual revenue, estimates Needham analyst John Todaro. In a bull case scenario, with volume exceeding OpenSea levels at a 3% fee, Coinbase could hit $1.3 billion in annualized revenue.</p><p>Even if GameStop captured 20% of an $80 billion market in 2025, it would only amount to $16 billion in sales volume; at a 3% transaction fee per NFT, that would generate $480 million in revenue. And that’s assuming it could fend off Coinbase and others also muscling in.</p><p>“They might beat Coinbase to the launch of an NFT platform, but I’d be skeptical of GameStop’s offering,” said Todaro in an interview. “Coinbase has a captive crypto audience that overlaps with NFTs, and Coinbase should have a leg up because they have liquidity, sourcing, and a launch partner—their whole ecosystem should be much more robust than GameStop’s.”</p><p>One hurdle for GameStop is reaching crypto buyers beyond gaming—expected to be the core of its NFT marketplace. The most valuable NFTs on OpenSea aren’t video game assets. They’re Bored Apes, CryptoPunks, and other NFTs that have become cultural icons through savvy marketing and club-like benefits for owners.</p><p>Another challenge for GameStop is that it primarily sells console games for platforms like Xbox and PlayStation, rather than PC-based games that are more decentralized and viable for NFTs. Console game ecosystems are like “walled gardens” that are heavily controlled by Microsoft (MSFT), Sony (SONY), and Nintendo (7974.Japan).</p><p>For GameStop to make inroads into NFTs, the company may have to make deals with Microsoft and/or other game studios and console makers.</p><p>And GameStop may be spending heavily on NFTs when it doesn’t have much cash to spare. GameStop reported $1.3 billion in cash and equivalents at the end of January, following an operating loss in its last quarter.</p><p>“That’s just scary,” said Wedbush analyst Michael Pachter, who has a Sell rating on GameStop. “It was not because demand was so bad, it was because they’re overspending on this NFT thing.”</p><p>GameStop has “zero probability of succeeding with this,” Pachter said, referring to NFTs. “I admire their gumption, I admire the effort they’re making to transform the company, and I actually think, directionally, this is a great place to be. I just don’t see how they have any competitive advantage.”</p><p>For now, Wall Street doesn’t appear to view NFTs as a game changer for GameStop. While only a few analysts covering the stock, the mean estimate is for revenues of $6 billion this year, flat with 2021. The company is expected to report a loss of $4.18 a share in 2022 and $3.10 in 2023.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop’s Crypto Dreams Are a Long Shot. What Are NFTs Even Worth?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop’s Crypto Dreams Are a Long Shot. What Are NFTs Even Worth?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-24 10:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/gamestop-crypto-nft-exchange-51648060955?mod=hp_LEAD_1><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop plans to launch an NFT marketplace, a far cry from its bricks-and-mortar roots. Justin Sullivan/Getty ImagesGameStop expects to launch a marketplace for non-fungible tokens, or NFTs, by the ...</p>\n\n<a href=\"https://www.barrons.com/articles/gamestop-crypto-nft-exchange-51648060955?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/gamestop-crypto-nft-exchange-51648060955?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185777589","content_text":"GameStop plans to launch an NFT marketplace, a far cry from its bricks-and-mortar roots. Justin Sullivan/Getty ImagesGameStop expects to launch a marketplace for non-fungible tokens, or NFTs, by the end of July, pushing into the digital asset space as investors hope for a wider turnaround at the embattled video game retailer.The move into NFTs would be a significant departure from GameStop’s (ticker: GME) core retail business. It’s also a gamble that may not move the revenue needle much, and adds another element of uncertainty around the highly volatile stock.One of the original meme stocks, GameStop continues to defy traditional analysis or trading. The shares surged more than 40% in the past few days and were ahead 12% Wednesday, thanks in part to a burst of buying by chairman Ryan Cohen. Over the past 52 weeks, the stock has ranged from $78 to $345, recently trading around $138.The crux of GameStop’s NFT initiative is a partnership with blockchain group Immutable X, a startup. The companies plan to back NFT developers with grants through a proprietary token called IMX, doling out up to $100 million, according to a press release. GameStop could eventually receive $150 million worth of IMX tokens if its NFT marketplace and sales hit certain metrics.Accelerating the push into NFTs is Cohen, an entrepreneur who has been trying to reposition GameStop into more of a tech company. So far, that hasn’t led to profits. GameStop recently notched a surprise $148 million net loss in its last fiscal quarter, ending in January 2022.GameStop did not respond to a request for comment from Barron’s. However, the company has outlined plans to become more of an online marketplace for video games and related products, aiming to transform into a kind of Amazon.com (AMZN) for gaming.NFTs, theoretically, fit into that vision. And Wall Street sees a large total addressable market. Jefferies analyst Stephanie Wissink expects the NFT market to reach $35 billion in sales this year and $80 billion by 2025. GameStop’s partnership with Immutable X is “a start to giving the investment community more clarity into what [the company] hopes to become,” she wrote in a recent note.Yet attaching numbers to GameStop’s NFT initiative is a bit of a guessing game. And GameStop wouldn’t have the market to itself—other companies are building NFT marketplaces, notably Coinbase Global (COIN).What is it all worth? The largest NFT platform, Opensea, does about $3 billion in monthly NFT volume and charges a 2.5% fee on sales. That implies monthly transaction revenue of $75 million or $900 million annualized.If Coinbase were to capture half the Opensea volume with the same fee structure, it would yield $450 million in annual revenue, estimates Needham analyst John Todaro. In a bull case scenario, with volume exceeding OpenSea levels at a 3% fee, Coinbase could hit $1.3 billion in annualized revenue.Even if GameStop captured 20% of an $80 billion market in 2025, it would only amount to $16 billion in sales volume; at a 3% transaction fee per NFT, that would generate $480 million in revenue. And that’s assuming it could fend off Coinbase and others also muscling in.“They might beat Coinbase to the launch of an NFT platform, but I’d be skeptical of GameStop’s offering,” said Todaro in an interview. “Coinbase has a captive crypto audience that overlaps with NFTs, and Coinbase should have a leg up because they have liquidity, sourcing, and a launch partner—their whole ecosystem should be much more robust than GameStop’s.”One hurdle for GameStop is reaching crypto buyers beyond gaming—expected to be the core of its NFT marketplace. The most valuable NFTs on OpenSea aren’t video game assets. They’re Bored Apes, CryptoPunks, and other NFTs that have become cultural icons through savvy marketing and club-like benefits for owners.Another challenge for GameStop is that it primarily sells console games for platforms like Xbox and PlayStation, rather than PC-based games that are more decentralized and viable for NFTs. Console game ecosystems are like “walled gardens” that are heavily controlled by Microsoft (MSFT), Sony (SONY), and Nintendo (7974.Japan).For GameStop to make inroads into NFTs, the company may have to make deals with Microsoft and/or other game studios and console makers.And GameStop may be spending heavily on NFTs when it doesn’t have much cash to spare. GameStop reported $1.3 billion in cash and equivalents at the end of January, following an operating loss in its last quarter.“That’s just scary,” said Wedbush analyst Michael Pachter, who has a Sell rating on GameStop. “It was not because demand was so bad, it was because they’re overspending on this NFT thing.”GameStop has “zero probability of succeeding with this,” Pachter said, referring to NFTs. “I admire their gumption, I admire the effort they’re making to transform the company, and I actually think, directionally, this is a great place to be. I just don’t see how they have any competitive advantage.”For now, Wall Street doesn’t appear to view NFTs as a game changer for GameStop. While only a few analysts covering the stock, the mean estimate is for revenues of $6 billion this year, flat with 2021. The company is expected to report a loss of $4.18 a share in 2022 and $3.10 in 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032673913,"gmtCreate":1647378267193,"gmtModify":1676534221111,"author":{"id":"3584135614129395","authorId":"3584135614129395","name":"leinad","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584135614129395","authorIdStr":"3584135614129395"},"themes":[],"htmlText":"What more would you expect from these guys. Let's see how this ages.....","listText":"What more would you expect from these guys. Let's see how this ages.....","text":"What more would you expect from these guys. Let's see how this ages.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032673913","repostId":"2219720317","repostType":2,"repost":{"id":"2219720317","kind":"highlight","pubTimestamp":1647309453,"share":"https://ttm.financial/m/news/2219720317?lang=&edition=fundamental","pubTime":"2022-03-15 09:57","market":"us","language":"en","title":"Can GameStop Turn Things Around?","url":"https://stock-news.laohu8.com/highlight/detail?id=2219720317","media":"Motley Fool","summary":"The battered video game retailer is expected to report fourth-quarter earnings on Thursday, March 17.","content":"<html><head></head><body><p><b>GameStop</b> (NYSE:GME) gained a lot of notoriety in 2021 for its part in the meme stock frenzy that occurred in the first half of that year. But that overheated retail investor interest eventually waned and the stock price is now down about 73% from highs reached in January 2021. Beyond trading activity, the company has struggled to adjust to changing consumer behavior, and losses are mounting on the bottom line.</p><p>When GameStop reports Q4 earnings on Thursday, March 17, investors will want to hear from management that its business has been put on a more sustainable footing.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b68e46bc784f395311b6d2a20a13e02\" tg-width=\"700\" tg-height=\"399\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>GameStop is struggling to stop losses on the bottom line</h2><p>In its most recent quarter ended Oct. 30, GameStop generated revenue of $1.3 billion. That was up from $1 billion in the same period the year prior. GameStop&#39;s revenue cratered by 22% in 2020 when it had to temporarily shut its doors to in-person shoppers. That said, the start of the pandemic was not the beginning of GameStop&#39;s troubles.</p><p>The company&#39;s sales have been steadily decreasing for several years. GameStop has adapted slowly to changing consumer behavior. The bulk of its business is buying and selling physical copies of games, a troubling business model when digital sales are expanding. The trend is unlikely to reverse as physical and digital copies of games are typically priced the same. That leaves the consumer a choice: Buy your game online from the comfort of your home, or travel to your nearest GameStop store to purchase an identical copy. For most gamers, the choice is clearly in favor of the digital copy.</p><p>In 2012, GameStop earned revenue of $9.5 billion. In 2019, even before the effects of the pandemic, sales had fallen to $8.3 billion. The company is on pace for far less than that in 2021. In the nine months ended on Oct. 30, sales reached $3.8 billion. The company has not been able to cut costs fast enough or to the magnitude of the declining revenue to balance the income statement. As a result, GameStop has lost $234 million on the bottom line so far in fiscal 2021.</p><p>When the company reports fourth-quarter and full fiscal year results on March 17, investors will want to see a clear path to sustainable operations. Given how mismatched the business model is with where the consumer is heading, one of the more likely options is aggressive cost-cutting and store closures. However, it does not look like management is taking that route -- it is instead investing in new offices in technology hubs to attract more talent.</p><h2>What this could mean for GameStop investors</h2><p>Analysts on Wall Street expect GameStop to report revenue of $2.22 billion and earnings per share (EPS) of $0.84. If the company meets those projections, it would be an increase of 4.4%  on revenue and a decrease of 37.31% on EPS from the same period a year ago.</p><p>It&#39;s apparent that minor increases in growth will not be enough to turn things around. More importantly, investors will be curious to hear more about how management plans to stop the losses on the bottom line.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can GameStop Turn Things Around?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan GameStop Turn Things Around?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-15 09:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/14/can-gamestop-turn-things-around-earnings/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (NYSE:GME) gained a lot of notoriety in 2021 for its part in the meme stock frenzy that occurred in the first half of that year. But that overheated retail investor interest eventually waned ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/14/can-gamestop-turn-things-around-earnings/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4577":"网络游戏","BK4076":"电脑与电子产品零售","BK4547":"WSB热门概念","GME":"游戏驿站"},"source_url":"https://www.fool.com/investing/2022/03/14/can-gamestop-turn-things-around-earnings/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2219720317","content_text":"GameStop (NYSE:GME) gained a lot of notoriety in 2021 for its part in the meme stock frenzy that occurred in the first half of that year. But that overheated retail investor interest eventually waned and the stock price is now down about 73% from highs reached in January 2021. Beyond trading activity, the company has struggled to adjust to changing consumer behavior, and losses are mounting on the bottom line.When GameStop reports Q4 earnings on Thursday, March 17, investors will want to hear from management that its business has been put on a more sustainable footing.Image source: Getty Images.GameStop is struggling to stop losses on the bottom lineIn its most recent quarter ended Oct. 30, GameStop generated revenue of $1.3 billion. That was up from $1 billion in the same period the year prior. GameStop's revenue cratered by 22% in 2020 when it had to temporarily shut its doors to in-person shoppers. That said, the start of the pandemic was not the beginning of GameStop's troubles.The company's sales have been steadily decreasing for several years. GameStop has adapted slowly to changing consumer behavior. The bulk of its business is buying and selling physical copies of games, a troubling business model when digital sales are expanding. The trend is unlikely to reverse as physical and digital copies of games are typically priced the same. That leaves the consumer a choice: Buy your game online from the comfort of your home, or travel to your nearest GameStop store to purchase an identical copy. For most gamers, the choice is clearly in favor of the digital copy.In 2012, GameStop earned revenue of $9.5 billion. In 2019, even before the effects of the pandemic, sales had fallen to $8.3 billion. The company is on pace for far less than that in 2021. In the nine months ended on Oct. 30, sales reached $3.8 billion. The company has not been able to cut costs fast enough or to the magnitude of the declining revenue to balance the income statement. As a result, GameStop has lost $234 million on the bottom line so far in fiscal 2021.When the company reports fourth-quarter and full fiscal year results on March 17, investors will want to see a clear path to sustainable operations. Given how mismatched the business model is with where the consumer is heading, one of the more likely options is aggressive cost-cutting and store closures. However, it does not look like management is taking that route -- it is instead investing in new offices in technology hubs to attract more talent.What this could mean for GameStop investorsAnalysts on Wall Street expect GameStop to report revenue of $2.22 billion and earnings per share (EPS) of $0.84. If the company meets those projections, it would be an increase of 4.4%  on revenue and a decrease of 37.31% on EPS from the same period a year ago.It's apparent that minor increases in growth will not be enough to turn things around. More importantly, investors will be curious to hear more about how management plans to stop the losses on the bottom line.","news_type":1},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9032673913,"gmtCreate":1647378267193,"gmtModify":1676534221111,"author":{"id":"3584135614129395","authorId":"3584135614129395","name":"leinad","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584135614129395","authorIdStr":"3584135614129395"},"themes":[],"htmlText":"What more would you expect from these guys. Let's see how this ages.....","listText":"What more would you expect from these guys. Let's see how this ages.....","text":"What more would you expect from these guys. Let's see how this ages.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032673913","repostId":"2219720317","repostType":2,"repost":{"id":"2219720317","kind":"highlight","pubTimestamp":1647309453,"share":"https://ttm.financial/m/news/2219720317?lang=&edition=fundamental","pubTime":"2022-03-15 09:57","market":"us","language":"en","title":"Can GameStop Turn Things Around?","url":"https://stock-news.laohu8.com/highlight/detail?id=2219720317","media":"Motley Fool","summary":"The battered video game retailer is expected to report fourth-quarter earnings on Thursday, March 17.","content":"<html><head></head><body><p><b>GameStop</b> (NYSE:GME) gained a lot of notoriety in 2021 for its part in the meme stock frenzy that occurred in the first half of that year. But that overheated retail investor interest eventually waned and the stock price is now down about 73% from highs reached in January 2021. Beyond trading activity, the company has struggled to adjust to changing consumer behavior, and losses are mounting on the bottom line.</p><p>When GameStop reports Q4 earnings on Thursday, March 17, investors will want to hear from management that its business has been put on a more sustainable footing.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b68e46bc784f395311b6d2a20a13e02\" tg-width=\"700\" tg-height=\"399\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>GameStop is struggling to stop losses on the bottom line</h2><p>In its most recent quarter ended Oct. 30, GameStop generated revenue of $1.3 billion. That was up from $1 billion in the same period the year prior. GameStop&#39;s revenue cratered by 22% in 2020 when it had to temporarily shut its doors to in-person shoppers. That said, the start of the pandemic was not the beginning of GameStop&#39;s troubles.</p><p>The company&#39;s sales have been steadily decreasing for several years. GameStop has adapted slowly to changing consumer behavior. The bulk of its business is buying and selling physical copies of games, a troubling business model when digital sales are expanding. The trend is unlikely to reverse as physical and digital copies of games are typically priced the same. That leaves the consumer a choice: Buy your game online from the comfort of your home, or travel to your nearest GameStop store to purchase an identical copy. For most gamers, the choice is clearly in favor of the digital copy.</p><p>In 2012, GameStop earned revenue of $9.5 billion. In 2019, even before the effects of the pandemic, sales had fallen to $8.3 billion. The company is on pace for far less than that in 2021. In the nine months ended on Oct. 30, sales reached $3.8 billion. The company has not been able to cut costs fast enough or to the magnitude of the declining revenue to balance the income statement. As a result, GameStop has lost $234 million on the bottom line so far in fiscal 2021.</p><p>When the company reports fourth-quarter and full fiscal year results on March 17, investors will want to see a clear path to sustainable operations. Given how mismatched the business model is with where the consumer is heading, one of the more likely options is aggressive cost-cutting and store closures. However, it does not look like management is taking that route -- it is instead investing in new offices in technology hubs to attract more talent.</p><h2>What this could mean for GameStop investors</h2><p>Analysts on Wall Street expect GameStop to report revenue of $2.22 billion and earnings per share (EPS) of $0.84. If the company meets those projections, it would be an increase of 4.4%  on revenue and a decrease of 37.31% on EPS from the same period a year ago.</p><p>It&#39;s apparent that minor increases in growth will not be enough to turn things around. More importantly, investors will be curious to hear more about how management plans to stop the losses on the bottom line.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can GameStop Turn Things Around?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan GameStop Turn Things Around?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-15 09:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/14/can-gamestop-turn-things-around-earnings/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (NYSE:GME) gained a lot of notoriety in 2021 for its part in the meme stock frenzy that occurred in the first half of that year. But that overheated retail investor interest eventually waned ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/14/can-gamestop-turn-things-around-earnings/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4577":"网络游戏","BK4076":"电脑与电子产品零售","BK4547":"WSB热门概念","GME":"游戏驿站"},"source_url":"https://www.fool.com/investing/2022/03/14/can-gamestop-turn-things-around-earnings/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2219720317","content_text":"GameStop (NYSE:GME) gained a lot of notoriety in 2021 for its part in the meme stock frenzy that occurred in the first half of that year. But that overheated retail investor interest eventually waned and the stock price is now down about 73% from highs reached in January 2021. Beyond trading activity, the company has struggled to adjust to changing consumer behavior, and losses are mounting on the bottom line.When GameStop reports Q4 earnings on Thursday, March 17, investors will want to hear from management that its business has been put on a more sustainable footing.Image source: Getty Images.GameStop is struggling to stop losses on the bottom lineIn its most recent quarter ended Oct. 30, GameStop generated revenue of $1.3 billion. That was up from $1 billion in the same period the year prior. GameStop's revenue cratered by 22% in 2020 when it had to temporarily shut its doors to in-person shoppers. That said, the start of the pandemic was not the beginning of GameStop's troubles.The company's sales have been steadily decreasing for several years. GameStop has adapted slowly to changing consumer behavior. The bulk of its business is buying and selling physical copies of games, a troubling business model when digital sales are expanding. The trend is unlikely to reverse as physical and digital copies of games are typically priced the same. That leaves the consumer a choice: Buy your game online from the comfort of your home, or travel to your nearest GameStop store to purchase an identical copy. For most gamers, the choice is clearly in favor of the digital copy.In 2012, GameStop earned revenue of $9.5 billion. In 2019, even before the effects of the pandemic, sales had fallen to $8.3 billion. The company is on pace for far less than that in 2021. In the nine months ended on Oct. 30, sales reached $3.8 billion. The company has not been able to cut costs fast enough or to the magnitude of the declining revenue to balance the income statement. As a result, GameStop has lost $234 million on the bottom line so far in fiscal 2021.When the company reports fourth-quarter and full fiscal year results on March 17, investors will want to see a clear path to sustainable operations. Given how mismatched the business model is with where the consumer is heading, one of the more likely options is aggressive cost-cutting and store closures. However, it does not look like management is taking that route -- it is instead investing in new offices in technology hubs to attract more talent.What this could mean for GameStop investorsAnalysts on Wall Street expect GameStop to report revenue of $2.22 billion and earnings per share (EPS) of $0.84. If the company meets those projections, it would be an increase of 4.4%  on revenue and a decrease of 37.31% on EPS from the same period a year ago.It's apparent that minor increases in growth will not be enough to turn things around. More importantly, investors will be curious to hear more about how management plans to stop the losses on the bottom line.","news_type":1},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037296424,"gmtCreate":1648107815811,"gmtModify":1676534305283,"author":{"id":"3584135614129395","authorId":"3584135614129395","name":"leinad","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584135614129395","authorIdStr":"3584135614129395"},"themes":[],"htmlText":"I'm looking forward to how this articles ages. I'd guess it'll be similar to milk&nbsp;","listText":"I'm looking forward to how this articles ages. I'd guess it'll be similar to milk&nbsp;","text":"I'm looking forward to how this articles ages. I'd guess it'll be similar to milk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037296424","repostId":"1185777589","repostType":2,"repost":{"id":"1185777589","kind":"news","pubTimestamp":1648089547,"share":"https://ttm.financial/m/news/1185777589?lang=&edition=fundamental","pubTime":"2022-03-24 10:39","market":"us","language":"en","title":"GameStop’s Crypto Dreams Are a Long Shot. What Are NFTs Even Worth?","url":"https://stock-news.laohu8.com/highlight/detail?id=1185777589","media":"Barron's","summary":"GameStop plans to launch an NFT marketplace, a far cry from its bricks-and-mortar roots. Justin Sull","content":"<html><head></head><body><p>GameStop plans to launch an NFT marketplace, a far cry from its bricks-and-mortar roots. Justin Sullivan/Getty Images</p><p>GameStop expects to launch a marketplace for non-fungible tokens, or NFTs, by the end of July, pushing into the digital asset space as investors hope for a wider turnaround at the embattled video game retailer.</p><p>The move into NFTs would be a significant departure from GameStop’s (ticker: GME) core retail business. It’s also a gamble that may not move the revenue needle much, and adds another element of uncertainty around the highly volatile stock.</p><p>One of the original meme stocks, GameStop continues to defy traditional analysis or trading. The shares surged more than 40% in the past few days and were ahead 12% Wednesday, thanks in part to a burst of buying by chairman Ryan Cohen. Over the past 52 weeks, the stock has ranged from $78 to $345, recently trading around $138.</p><p>The crux of GameStop’s NFT initiative is a partnership with blockchain group Immutable X, a startup. The companies plan to back NFT developers with grants through a proprietary token called IMX, doling out up to $100 million, according to a press release. GameStop could eventually receive $150 million worth of IMX tokens if its NFT marketplace and sales hit certain metrics.</p><p>Accelerating the push into NFTs is Cohen, an entrepreneur who has been trying to reposition GameStop into more of a tech company. So far, that hasn’t led to profits. GameStop recently notched a surprise $148 million net loss in its last fiscal quarter, ending in January 2022.</p><p>GameStop did not respond to a request for comment from Barron’s. However, the company has outlined plans to become more of an online marketplace for video games and related products, aiming to transform into a kind of Amazon.com (AMZN) for gaming.</p><p>NFTs, theoretically, fit into that vision. And Wall Street sees a large total addressable market. Jefferies analyst Stephanie Wissink expects the NFT market to reach $35 billion in sales this year and $80 billion by 2025. GameStop’s partnership with Immutable X is “a start to giving the investment community more clarity into what [the company] hopes to become,” she wrote in a recent note.</p><p>Yet attaching numbers to GameStop’s NFT initiative is a bit of a guessing game. And GameStop wouldn’t have the market to itself—other companies are building NFT marketplaces, notably Coinbase Global (COIN).</p><p>What is it all worth? The largest NFT platform, Opensea, does about $3 billion in monthly NFT volume and charges a 2.5% fee on sales. That implies monthly transaction revenue of $75 million or $900 million annualized.</p><p>If Coinbase were to capture half the Opensea volume with the same fee structure, it would yield $450 million in annual revenue, estimates Needham analyst John Todaro. In a bull case scenario, with volume exceeding OpenSea levels at a 3% fee, Coinbase could hit $1.3 billion in annualized revenue.</p><p>Even if GameStop captured 20% of an $80 billion market in 2025, it would only amount to $16 billion in sales volume; at a 3% transaction fee per NFT, that would generate $480 million in revenue. And that’s assuming it could fend off Coinbase and others also muscling in.</p><p>“They might beat Coinbase to the launch of an NFT platform, but I’d be skeptical of GameStop’s offering,” said Todaro in an interview. “Coinbase has a captive crypto audience that overlaps with NFTs, and Coinbase should have a leg up because they have liquidity, sourcing, and a launch partner—their whole ecosystem should be much more robust than GameStop’s.”</p><p>One hurdle for GameStop is reaching crypto buyers beyond gaming—expected to be the core of its NFT marketplace. The most valuable NFTs on OpenSea aren’t video game assets. They’re Bored Apes, CryptoPunks, and other NFTs that have become cultural icons through savvy marketing and club-like benefits for owners.</p><p>Another challenge for GameStop is that it primarily sells console games for platforms like Xbox and PlayStation, rather than PC-based games that are more decentralized and viable for NFTs. Console game ecosystems are like “walled gardens” that are heavily controlled by Microsoft (MSFT), Sony (SONY), and Nintendo (7974.Japan).</p><p>For GameStop to make inroads into NFTs, the company may have to make deals with Microsoft and/or other game studios and console makers.</p><p>And GameStop may be spending heavily on NFTs when it doesn’t have much cash to spare. GameStop reported $1.3 billion in cash and equivalents at the end of January, following an operating loss in its last quarter.</p><p>“That’s just scary,” said Wedbush analyst Michael Pachter, who has a Sell rating on GameStop. “It was not because demand was so bad, it was because they’re overspending on this NFT thing.”</p><p>GameStop has “zero probability of succeeding with this,” Pachter said, referring to NFTs. “I admire their gumption, I admire the effort they’re making to transform the company, and I actually think, directionally, this is a great place to be. I just don’t see how they have any competitive advantage.”</p><p>For now, Wall Street doesn’t appear to view NFTs as a game changer for GameStop. While only a few analysts covering the stock, the mean estimate is for revenues of $6 billion this year, flat with 2021. The company is expected to report a loss of $4.18 a share in 2022 and $3.10 in 2023.</p></body></html>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop’s Crypto Dreams Are a Long Shot. What Are NFTs Even Worth?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop’s Crypto Dreams Are a Long Shot. What Are NFTs Even Worth?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-24 10:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/gamestop-crypto-nft-exchange-51648060955?mod=hp_LEAD_1><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop plans to launch an NFT marketplace, a far cry from its bricks-and-mortar roots. Justin Sullivan/Getty ImagesGameStop expects to launch a marketplace for non-fungible tokens, or NFTs, by the ...</p>\n\n<a href=\"https://www.barrons.com/articles/gamestop-crypto-nft-exchange-51648060955?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/gamestop-crypto-nft-exchange-51648060955?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185777589","content_text":"GameStop plans to launch an NFT marketplace, a far cry from its bricks-and-mortar roots. Justin Sullivan/Getty ImagesGameStop expects to launch a marketplace for non-fungible tokens, or NFTs, by the end of July, pushing into the digital asset space as investors hope for a wider turnaround at the embattled video game retailer.The move into NFTs would be a significant departure from GameStop’s (ticker: GME) core retail business. It’s also a gamble that may not move the revenue needle much, and adds another element of uncertainty around the highly volatile stock.One of the original meme stocks, GameStop continues to defy traditional analysis or trading. The shares surged more than 40% in the past few days and were ahead 12% Wednesday, thanks in part to a burst of buying by chairman Ryan Cohen. Over the past 52 weeks, the stock has ranged from $78 to $345, recently trading around $138.The crux of GameStop’s NFT initiative is a partnership with blockchain group Immutable X, a startup. The companies plan to back NFT developers with grants through a proprietary token called IMX, doling out up to $100 million, according to a press release. GameStop could eventually receive $150 million worth of IMX tokens if its NFT marketplace and sales hit certain metrics.Accelerating the push into NFTs is Cohen, an entrepreneur who has been trying to reposition GameStop into more of a tech company. So far, that hasn’t led to profits. GameStop recently notched a surprise $148 million net loss in its last fiscal quarter, ending in January 2022.GameStop did not respond to a request for comment from Barron’s. However, the company has outlined plans to become more of an online marketplace for video games and related products, aiming to transform into a kind of Amazon.com (AMZN) for gaming.NFTs, theoretically, fit into that vision. And Wall Street sees a large total addressable market. Jefferies analyst Stephanie Wissink expects the NFT market to reach $35 billion in sales this year and $80 billion by 2025. GameStop’s partnership with Immutable X is “a start to giving the investment community more clarity into what [the company] hopes to become,” she wrote in a recent note.Yet attaching numbers to GameStop’s NFT initiative is a bit of a guessing game. And GameStop wouldn’t have the market to itself—other companies are building NFT marketplaces, notably Coinbase Global (COIN).What is it all worth? The largest NFT platform, Opensea, does about $3 billion in monthly NFT volume and charges a 2.5% fee on sales. That implies monthly transaction revenue of $75 million or $900 million annualized.If Coinbase were to capture half the Opensea volume with the same fee structure, it would yield $450 million in annual revenue, estimates Needham analyst John Todaro. In a bull case scenario, with volume exceeding OpenSea levels at a 3% fee, Coinbase could hit $1.3 billion in annualized revenue.Even if GameStop captured 20% of an $80 billion market in 2025, it would only amount to $16 billion in sales volume; at a 3% transaction fee per NFT, that would generate $480 million in revenue. And that’s assuming it could fend off Coinbase and others also muscling in.“They might beat Coinbase to the launch of an NFT platform, but I’d be skeptical of GameStop’s offering,” said Todaro in an interview. “Coinbase has a captive crypto audience that overlaps with NFTs, and Coinbase should have a leg up because they have liquidity, sourcing, and a launch partner—their whole ecosystem should be much more robust than GameStop’s.”One hurdle for GameStop is reaching crypto buyers beyond gaming—expected to be the core of its NFT marketplace. The most valuable NFTs on OpenSea aren’t video game assets. They’re Bored Apes, CryptoPunks, and other NFTs that have become cultural icons through savvy marketing and club-like benefits for owners.Another challenge for GameStop is that it primarily sells console games for platforms like Xbox and PlayStation, rather than PC-based games that are more decentralized and viable for NFTs. Console game ecosystems are like “walled gardens” that are heavily controlled by Microsoft (MSFT), Sony (SONY), and Nintendo (7974.Japan).For GameStop to make inroads into NFTs, the company may have to make deals with Microsoft and/or other game studios and console makers.And GameStop may be spending heavily on NFTs when it doesn’t have much cash to spare. GameStop reported $1.3 billion in cash and equivalents at the end of January, following an operating loss in its last quarter.“That’s just scary,” said Wedbush analyst Michael Pachter, who has a Sell rating on GameStop. “It was not because demand was so bad, it was because they’re overspending on this NFT thing.”GameStop has “zero probability of succeeding with this,” Pachter said, referring to NFTs. “I admire their gumption, I admire the effort they’re making to transform the company, and I actually think, directionally, this is a great place to be. I just don’t see how they have any competitive advantage.”For now, Wall Street doesn’t appear to view NFTs as a game changer for GameStop. While only a few analysts covering the stock, the mean estimate is for revenues of $6 billion this year, flat with 2021. The company is expected to report a loss of $4.18 a share in 2022 and $3.10 in 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186888183558296,"gmtCreate":1686666431637,"gmtModify":1686668169659,"author":{"id":"3584135614129395","authorId":"3584135614129395","name":"leinad","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584135614129395","authorIdStr":"3584135614129395"},"themes":[],"htmlText":"What about Ryan's shares?","listText":"What about Ryan's shares?","text":"What about Ryan's shares?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186888183558296","repostId":"1114955105","repostType":2,"repost":{"id":"1114955105","kind":"news","pubTimestamp":1686637518,"share":"https://ttm.financial/m/news/1114955105?lang=&edition=fundamental","pubTime":"2023-06-13 14:25","market":"us","language":"en","title":"Insiders Are Buying Up GameStop Stock Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1114955105","media":"InvestorPlace","summary":"GameStop (GME) Director Alain Attal purchased 10,000 shares of GME stock on June 9.On the same day, ","content":"<html><head></head><body><ul><li><p><strong>GameStop</strong> (<strong><u>GME</u></strong>) Director Alain Attal purchased 10,000 shares of GME stock on June 9.</p></li><li><p>On the same day, Director Lawrence Cheng purchased 5,000 shares.</p></li><li><p>GME stock is up more than 35% so far this year.</p></li></ul><p><strong>GameStop</strong> (NYSE: <strong><u>GME</u></strong>) stock recently plunged lower after the company reported a disappointing first quarter and the termination of CEO Matt Furlong. In addition, GameStop appointed Ryan Cohen as Executive Chairman of the company. However, that didn’t stop two insiders from viewing the situation as a buy-the-dip opportunity.</p><p style=\"text-align: start;\">On June 9, Director Alain Attal purchased 10,000 shares at an average price of $22.40 per share. In total, the purchase was worth $224,000. Following the transaction, Attal now owns a total of 538,692 shares.</p><p style=\"text-align: start;\">On the same day, Director Lawrence Cheng purchased 5,000 shares at an average price of $22.37 per share. The transaction, worth $111,900, brought his total stake to 49,088 shares. Both Attal and Cheng’s purchases came just two days after the video game retailer reported its earnings.</p><h2 style=\"text-align: start;\">Insiders Buy the GME Stock Earnings Dip</h2><p style=\"text-align: start;\">Insider activity for GME stock has been surprisingly bullish this year. No insider has sold shares on the open market in 2023 while two insiders — Attal and Cheng — have made open market buys. In addition, there have been a total of three insider buys this year, including the two mentioned above. The other buy was made on March 29 by Cheng for 5,000 shares at an average price of $22.79 per share. So far this year, insiders have purchased $449,889 worth of GME stock on the open market while selling zero shares.</p><p style=\"text-align: start;\">As the old Peter Lynch saying goes, “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” That certainly seems to be what Attal and Cheng are doing.</p><p style=\"text-align: start;\">Meanwhile, GameStop seems to be going through plenty of changes, namely leadership switch-ups. The company has also engaged in cost-cutting practices, such as initiating exits and partial wind-downs in Europe in an attempt to boost profitability. During Q1, GameStop reported a net loss of $50.5 million, improving from a net loss of $157.9 million a year ago. At the same time, sales for the quarter totaled $1.237 billion, down from $1.378 billion last year.</p><p style=\"text-align: start;\">Ryan Cohen is a popular figure among shareholders, who have high hopes that he will turn the company around. GameStop noted that the new Executive Chairman will “focus on capital allocation and overseeing management.”</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Insiders Are Buying Up GameStop Stock Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInsiders Are Buying Up GameStop Stock Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-13 14:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/06/insiders-are-buying-up-gamestop-gme-stock-now/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (GME) Director Alain Attal purchased 10,000 shares of GME stock on June 9.On the same day, Director Lawrence Cheng purchased 5,000 shares.GME stock is up more than 35% so far this year....</p>\n\n<a href=\"https://investorplace.com/2023/06/insiders-are-buying-up-gamestop-gme-stock-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2023/06/insiders-are-buying-up-gamestop-gme-stock-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114955105","content_text":"GameStop (GME) Director Alain Attal purchased 10,000 shares of GME stock on June 9.On the same day, Director Lawrence Cheng purchased 5,000 shares.GME stock is up more than 35% so far this year.GameStop (NYSE: GME) stock recently plunged lower after the company reported a disappointing first quarter and the termination of CEO Matt Furlong. In addition, GameStop appointed Ryan Cohen as Executive Chairman of the company. However, that didn’t stop two insiders from viewing the situation as a buy-the-dip opportunity.On June 9, Director Alain Attal purchased 10,000 shares at an average price of $22.40 per share. In total, the purchase was worth $224,000. Following the transaction, Attal now owns a total of 538,692 shares.On the same day, Director Lawrence Cheng purchased 5,000 shares at an average price of $22.37 per share. The transaction, worth $111,900, brought his total stake to 49,088 shares. Both Attal and Cheng’s purchases came just two days after the video game retailer reported its earnings.Insiders Buy the GME Stock Earnings DipInsider activity for GME stock has been surprisingly bullish this year. No insider has sold shares on the open market in 2023 while two insiders — Attal and Cheng — have made open market buys. In addition, there have been a total of three insider buys this year, including the two mentioned above. The other buy was made on March 29 by Cheng for 5,000 shares at an average price of $22.79 per share. So far this year, insiders have purchased $449,889 worth of GME stock on the open market while selling zero shares.As the old Peter Lynch saying goes, “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” That certainly seems to be what Attal and Cheng are doing.Meanwhile, GameStop seems to be going through plenty of changes, namely leadership switch-ups. The company has also engaged in cost-cutting practices, such as initiating exits and partial wind-downs in Europe in an attempt to boost profitability. During Q1, GameStop reported a net loss of $50.5 million, improving from a net loss of $157.9 million a year ago. At the same time, sales for the quarter totaled $1.237 billion, down from $1.378 billion last year.Ryan Cohen is a popular figure among shareholders, who have high hopes that he will turn the company around. GameStop noted that the new Executive Chairman will “focus on capital allocation and overseeing management.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":463,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}