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 treads water just above 1.0400 post-US data

EUR/USD treads water just above 1.0400 post-US data

Another sign of the good health of the US economy came in response to firm flash US Manufacturing and Services PMIs, which in turn reinforced further the already strong performance of the US Dollar, relegating EUR/USD to the 1.0400 neighbourhood on Friday.

EUR/USD News
GBP/USD remains depressed near 1.2520 on stronger Dollar

GBP/USD remains depressed near 1.2520 on stronger Dollar

Poor results from the UK docket kept the British pound on the back foot on Thursday, hovering around the low-1.2500s in a context of generalized weakness in the risk-linked galaxy vs. another outstanding day in the Greenback.

GBP/USD News
Gold keeps the bid bias unchanged near $2,700

Gold keeps the bid bias unchanged near $2,700

Persistent safe haven demand continues to prop up the march north in Gold prices so far on Friday, hitting new two-week tops past the key $2,700 mark per troy ounce despite extra strength in the Greenback and mixed US yields.

Gold News
Geopolitics back on the radar

Geopolitics back on the radar

Rising tensions between Russia and Ukraine caused renewed unease in the markets this week. Putin signed an amendment to Russian nuclear doctrine, which allows Russia to use nuclear weapons for retaliating against strikes carried out with conventional weapons.

Read more
Eurozone PMI sounds the alarm about growth once more

Eurozone PMI sounds the alarm about growth once more

The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s the latter.

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