Rose

Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>GME stock price declined over 2.50% in a week and by 31% in a quarter.&nbsp;</a> </li> 
 <li> <span>2</span> <a>GameStop Corp (GME) market capitalization declined by approximately 6% in 2023.&nbsp;&nbsp;</a> </li> 
 <li> <span>3</span> <a>GME stock price was below the 20, 50, 100 and 200-day EMAs at press time.&nbsp;</a> </li> 
</ul> 
<p>GameStop Corp (GME) stock was declining steadily for the last 52 weeks; however, in the weekly time frame, a decline of 2.72% was seen; and it declined 32.67% in a year.</p> 
<h2 class="wp-block-heading" id="strong-gamestop-corp-gme-stock-price-analysis-strong"><strong>GameStop Corp(GME) Stock Price Analysis&nbsp;</strong></h2> 
<p>In the 52-week time frame, GME stock price peaked at $34.99, and its lowest traded price was $15.41. GameStop stock was above its annual price target of $14.92 at press time.</p> 
<p>GameStop Corporation has a market capitalization of $5.235 Billion. A decline of 6.89% is seen in the market cap in 2023 compared to that in 2022.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-971-1024x551.png" alt="GameStop Corp: GME Stock Rose 3.21%; Aims to Retest 50-Day EMA" class="wp-image-172031" style="width: 100%;height:581px" width="1170" height="581">
  <figcaption class="wp-element-caption">
   Source: GameStop Corp (GME) stock price chart from <a href="https://www.tradingview.com/x/KGUjYx5X/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>At the time of writing, GME stock was trading below 20,50,100 and the 200-day exponential moving averages (EMA). As per market analysts, a surge in the trading price of GameStop stock is expected in the coming sessions.&nbsp;</p> 
<p>On September 28, 2023, <a href="https://www.thecoinrepublic.com/2023/09/20/gme-stock-price-dropped-from-its-20-day-ema-earlier-this-week/">GameStop’s stock price</a> surged over 2.21% amid a strong bullish spell. The MACD line and signal line are parallel to each other in the negative territory.&nbsp;</p> 
<p>Significant bull accumulation above the histogram is observed, and, a possible positive move in the GME stock chart is awaited.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-gamestop-corporation-gme-financial-updates-strong"><strong>GameStop Corporation (GME) Financial Updates&nbsp;</strong></h3> 
<p>In Q2 2023, the earnings per share (EPS) was negative $0.03, whereas the estimation was negative $0.14, accounting for a 78.57% surprise.&nbsp;</p> 
<p>The revenue for the same quarter amounts to $1.16 Billion while the estimated figure was $1.14 Billion.</p> 
<p>For the upcoming quarter, the estimated EPS is negative $0.08, and revenue is expected to reach $1.18 Billion. TradingView states 265.952 Million GameStop shares are free-floating, and the remaining 39.289 Million are closely held.&nbsp;</p> 
<p>Last year, the revenue of GameStop Corp. reached $5.93 Billion. Out of which, $3.14 Billion came from its highest performing source (presently) – hardware and accessories.</p> 
<h4 class="wp-block-heading"><strong>Conclusion:</strong> </h4> 
<p>As per market analysts, the decline troubling GME stock is over. A surge in the trading price is expected. GameStop Corp stock was controlled by bears hitherto, which pulled the price down to the $18 level. However, at the press time, GameStop stock reflects a bullish crossover.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p>Support Level: $15.41 &amp; $14.00&nbsp;</p> 
<p>Resistance Level: $19.42 &amp; $18.10</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or anyone named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

GameStop Corp: GME Stock Rose 3.21%; Aims to Retest 50-Day EMA

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