GameStop Stock News

GameStop Corp (NYSE:GME)'s largest institutional investor, the asset-managemnt firm Vanguard, has increased its stake in the videogame retail, according to a MarketWatch report. Securities and Exchange Commission filings show that Vanguard increased its stake from 6.3% to 8.7%.

Renaissance Technologies pared its Tesla and Nvidia bets and raised its GameStop wager last quarter. The quant fund founded by the late Jim Simons cut its Tesla stake by 86% and halved its Nvidia wager.

The asset-management giant has grown its stake in videogame retailer and original meme stock.

While not entirely true, the market rally sparked by Donald Trump's election victory certainly gives the feeling no assets were left behind and failed to experience a surge.

Shares of GameStop Corp. stock rallied in early Monday trading, with the videogame retailer and original meme stock set to continue its recent rally. The stock climbed 2.7% in premarket trading, to put it on track to open at a four-month high.

GameStop shares are on pace to extend their winning streak to four days — their longest since a seven-day streak that ended on July 16.

The pet products retailer's stock was down after a filing showed that trader Keith Gill had disposed of his holdings in the company.

GameStop's shift to trading cards and partnerships with PSA could offset declining video game sales, positioning it as a national card shop chain. GME's strong balance sheet, with over $4 billion in cash and minimal debt, provides a significant runway for reinvention and new business ventures. The trading card market's growth and synergies with video games offer GME opportunities to host league...