GME Stock Price: Gamestop edges higher to start the week as Reddit interest rises again


  • NYSE:GME gained 1.15% during Monday’s trading session.
  • GameStop tops social media sentiment on Reddit to start the week.
  • GameStop is anticipated to report its third-quarter results on December 8th.

NYSE:GME investors are likely relieved to see some green to start the week after the popular meme stock fell by over 12% last week. Shares of GameStop gained 1.15% on Monday and closed the first trading day of the week at $202.01. While the stock has had a bit of a pullback as of late, it is still trading above both its 50-day and 200-day moving averages, which shows a generally bullish long-term uptrend. Despite its gains, GameStop still lagged the broader markets as the S&P 500 and NASDAQ rose by 1.32% and 1.88% respectively, while the Dow Jones managed to recover some of its losses from Friday by gaining 236 basis points during the session.


Stay up to speed with hot stocks' news!


GameStop was a popular and trending stock on the familiar r/WallStreetBet Reddit forums over the weekend, as meme stock investors spoke of loading up after its recent dip. The holiday season is always a popular time to talk about GameStop, as the company adds high sales numbers during its Black Friday and Cyber Monday events. The stock also closed last Monday’s session at $247.55, so undoubtedly many were looking at GameStop’s shares as being on sale as well.

GME stock news

GME Stock

GameStop did announce that it is expecting to report its third-quarter financial results after the closing bell on December 8th. Shareholders will be looking to the call for an update on the ongoing digital transformation of the company. There has been recent chatter about jobs that GameStop has posted, including some that require experience in the field of NFTs and work with the Ethereum Blockchain.

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD retreats toward 1.0850 despite weak US employment data

EUR/USD retreats toward 1.0850 despite weak US employment data

EUR/USD loses its traction and declines toward 1.0850 after testing 1.0900 earlier in the session. Because Nonfarm Payrolls data for October missed the market expectation by a wide margin due to hurricanes and strikes, the US Dollar manages to hold its ground.

EUR/USD News
GBP/USD climbs above 1.2950, looks to end week little changed

GBP/USD climbs above 1.2950, looks to end week little changed

GBP/USD benefits from the improving risk mood and trades in positive territory above 1.2950 in the American session on Friday as markets ignore the weak labor market data from the US. The pair remains on track to end the week flat.

GBP/USD News
Gold clings to small gains near $2,750 after US data

Gold clings to small gains near $2,750 after US data

Gold clings to marginal recovery gains and trades slightly above $2,750. The 10-year US Treasury bond yield struggles to push higher after the dismal October jobs report and weaker-than-expected PMI data from the US, helping XAU/USD keep it footing.

Gold News
Bitcoin Weekly Forecast: Run toward fresh all-time high hinges on US presidential election results

Bitcoin Weekly Forecast: Run toward fresh all-time high hinges on US presidential election results

Bitcoin could experience a price pullback in the next few days ahead of the US presidential election, analysts say, an event that will be key to determining whether and how the crypto class will be regulated in the years to come.

Read more
Bank of Japan holds rates steady amid signs of modest GDP growth

Bank of Japan holds rates steady amid signs of modest GDP growth

Monthly industrial production results have been mixed but generally indicate a modest recovery in third-quarter GDP. Clear guidance from the Bank of Japan remains elusive, with each upcoming meeting being pivotal.

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures