GRAPEVINE, Texas, Nov. 18, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced that Nat Turner, Chairman and CEO of Collectors Holdings, Inc., has been appointed to the Company's Board of Directors. Contact GameStop Investor [email protected]

Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co

GRAPEVINE, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced it has entered into a collaboration with Collectors, through its Professional Sports Authenticator division ("PSA"). PSA offers the world's largest and most trusted trading card and autograph authentication and grading services. As part of this collaboration, GameStop will become an authorized PSA dealer, and PSA will provide authentication and grading services for trading cards through select GameStop stores across the United States. Please visit http://www.gamestop.com/card-grading-service for a store locator and summary of the GameStop/PSA submission process, and v

GRAPEVINE, Texas, Sept. 23, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced that it has completed its previously disclosed "at-the-market" equity offering program (the "ATM Program"). GameStop disclosed on September 10, 2024 that it filed a prospectus supplement with the U.S Securities and Exchange Commission to offer and sell up to a maximum amount of 20,000,000 shares of its common stock from time to time through the ATM Program. The Company sold the maximum number of shares registered under the ATM Program for aggregate gross proceeds (before commissions and offering expenses) of approximately $400 million. GameStop intends to use t

GRAPEVINE, Texas, Sept. 10, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today released financial results for the second quarter ended August 3, 2024. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-Q and supplemental information can be found at https://investor.gamestop.com. SECOND QUARTER OVERVIEW Net sales were $0.798 billion for the second quarter, compared to $1.164 billion in the prior year's second quarter.Selling, general and administrative ("SG&A") expenses were $270.8 million, or 33.9% of net sales for the second quarter, compared to $322.5 million, or 27

GRAPEVINE, Texas, Aug. 27, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced that it will report second quarter fiscal 2024 results after the market closes on Tuesday, September 10, 2024. Contacts GameStop Corp. Investor Relations(817) [email protected]

GRAPEVINE, Texas, June 13, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") announced that its virtual annual meeting of stockholders, scheduled for June 13, 2024 at 10:00 a.m. CDT, was convened and adjourned, without any business being conducted, due to technical difficulties with the third-party hosting site. The meeting will be reconvened at 11:30 a.m. CDT on June 17, 2024, at meetnow.global/MT244SG. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBORThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management's current beli

GRAPEVINE, Texas, June 11, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced that it has completed its previously disclosed "at-the-market" equity offering program (the "ATM Program"). GameStop disclosed on June 7, 2024 that it filed a prospectus supplement with the U.S Securities and Exchange Commission to offer and sell up to a maximum amount of 75,000,000 shares of its common stock from time to time through the ATM Program. The Company sold the maximum number of shares registered under the ATM Program for aggregate gross proceeds (before commissions and offering expenses) of approximately $2.137 billion. GameStop intends to use the net pr

GRAPEVINE, Texas, June 07, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today released financial results for the first quarter ended May 4, 2024. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. FIRST QUARTER OVERVIEW Net sales were $0.882 billion for the first quarter, compared to $1.237 billion in the prior year's first quarter.Selling, general and administrative ("SG&A") expenses were $295.1 million, or 33.5% of net sales for the first quarter, compared to $345.7 million, or 27.9% of net sales, in the prior year's first quarter.Net loss was $32.3 million for the first quarter, compared to

GRAPEVINE, Texas, May 30, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced that it will report first quarter fiscal 2024 results after the market closes on Tuesday, June 11, 2024. Contacts GameStop Corp. Investor Relations(817) [email protected]

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GRAPEVINE, Texas, Sept. 10, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today released financial results for the second quarter ended August 3, 2024. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-Q and supplemental information can be found at https://investor.gamestop.com. SECOND QUARTER OVERVIEW Net sales were $0.798 billion for the second quarter, compared to $1.164 billion in the prior year's second quarter.Selling, general and administrative ("SG&A") expenses were $270.8 million, or 33.9% of net sales for the second quarter, compared to $322.5 million, or 27

GRAPEVINE, Texas, June 07, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today released financial results for the first quarter ended May 4, 2024. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. FIRST QUARTER OVERVIEW Net sales were $0.882 billion for the first quarter, compared to $1.237 billion in the prior year's first quarter.Selling, general and administrative ("SG&A") expenses were $295.1 million, or 33.5% of net sales for the first quarter, compared to $345.7 million, or 27.9% of net sales, in the prior year's first quarter.Net loss was $32.3 million for the first quarter, compared to

GRAPEVINE, Texas, March 26, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today released financial results for the fourth quarter and fiscal year ended February 3, 2024. The Company's consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-K and supplemental information can be found at https://investor.gamestop.com. FOURTH QUARTER OVERVIEW Net sales were $1.794 billion for the fourth quarter, compared to $2.226 billion in the prior year's fourth quarter.Selling, general and administrative ("SG&A") expenses were $359.2 million, or 20.0% of net sales, for the fourth quarter, compared to $453.4 million, or 2

GRAPEVINE, Texas, Dec. 06, 2023 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today released financial results for the third quarter ended October 28, 2023. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-Q and supplemental information can be found at https://investor.gamestop.com.  THIRD QUARTER OVERVIEW Net sales were $1.078 billion for the period, compared to $1.186 billion in the prior year's third quarter.Selling, general and administrative ("SG&A") expenses were $296.5 million, or 27.5% of net sales for the period, compared to $387.9 million, or 32.7% of net sales, in

GRAPEVINE, Texas, Sept. 06, 2023 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today released financial results for the second quarter ended July 29, 2023. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-Q and supplemental information can be found at https://investor.gamestop.com. SECOND QUARTER OVERVIEW Net sales were $1.164 billion for the period, compared to $1.136 billion in the prior year's second quarter.Selling, general and administrative ("SG&A") expenses were $322.5 million, or 27.7% of net sales for the period, compared to $387.5 million, or 34.1% of net sales, in

GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today released financial results for the first quarter ended April 29, 2023. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-Q and supplemental information can be found at https://investor.gamestop.com. FIRST QUARTER OVERVIEW Net sales were $1.237 billion for the period, compared to $1.378 billion in the prior year's first quarter. Selling, general and administrative ("SG&A") expenses were $345.7 million, or 27.9% of net sales for the period, compared to $452.2 million, or 32.8% of net sales, in the prior year's first quarter. Net loss was $

GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced that it will report first quarter fiscal 2023 results after the market closes on Wednesday, June 7, 2023. The Company will host an investor conference call at 5:00 pm ET on the same day to review its results. This call and all supplemental information can be accessed on GameStop's investor relations website: https://investor.gamestop.com. The phone number for the investor conference call is 1-877-788-5217 and the confirmation code is 13739156. A recording of the conference call will be made available on the Company's investor relations website. View source version on businesswire.com: https://www.businesswire.com/news/

Hestia Capital Management, LLC (collectively with its affiliates, "Hestia" or "we"), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company") and has a beneficial ownership position of 8.5% of the Company's outstanding common stock, today released the following statement that was independently prepared by the unaffiliated candidates – Milena Alberti-Perez, Todd Everett, Katie May and Lance Rosenzweig – that Hestia is seeking to elect to the Company's Board of Directors (the "Board") at the upcoming Annual Meeting of Stockholders (the "Annual Meeting"): "While we have been nominated by Hestia, we are completely independent and will represent

GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today released financial results for the fourth quarter and fiscal year ended January 28, 2023. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-K and supplemental information can be found at https://investor.gamestop.com/. FOURTH QUARTER OVERVIEW Net sales were $2.226 billion, compared to $2.254 billion in the prior year's fourth quarter. Selling, general and administrative ("SG&A") expenses were $453.4 million, or 20.4% of sales, compared to $538.9 million, or 23.9% of sales, in the prior year's fourth quarter. Net income was $48.2 million, c

GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced that it will report fourth quarter and full year fiscal 2022 results after the market closes on Tuesday, March 21, 2023. The Company will host an investor conference call at 5:00 pm ET on the same day to review its results. This call and all supplemental information can be accessed on GameStop's investor relations website: https://investor.gamestop.com/. The phone number for the investor conference call is 1-877-407-6169 and the confirmation code is 13736983. A recording of the conference call will be made available on the Company's investor relations website. View source version on businesswire.com: https://www.busines

GRAPEVINE, Texas, Nov. 18, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced that Nat Turner, Chairman and CEO of Collectors Holdings, Inc., has been appointed to the Company's Board of Directors. Contact GameStop Investor [email protected]

Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced the appointment of Lance Rosenzweig as the Company's permanent Chief Executive Officer ("CEO"), effective immediately. The Company's Board of Directors (the "Board") carried out an extensive CEO search process that was supported by a nationally recognized executive recruiting firm and included both internal and external candidates. After assessing Mr. Rosenzweig's considerable contributions as interim CEO and his track record of value creation at Pitney Bowes and at other co

Chair Mary J. Guilfoile, Who Has Served With Distinction, to Step Down Following the 2024 Annual Meeting William S. Simon and Jill Sutton, Who Collectively Possess Experience in Capital Allocation, Corporate Governance and Transformations, Have Been Added to the Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Mary J. Guilfoile will step down as Chair and retire from the Board of Directors (the "Board") following the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Board will elect a new Chair following Ms. Guilfoile's retirement. Add

GRAPEVINE, Texas, July 27, 2023 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced that Diana Saadeh-Jajeh, its Chief Financial Officer, will be resigning from her role on August 11, 2023. The Company will be appointing Daniel Moore as its Principal Accounting Officer and interim Principal Financial Officer, effective as of August 11, 2023. Additional information can be found in the Form 8-K that will be filed today with the U.S. Securities and Exchange Commission. Contacts GameStop Corp. Investor Relations(817) [email protected]

Believes Board's Refresh Fails to Address the Ineffective Leadership of CEO Marc Lautenbach, who has Overseen Dramatic Balance Sheet Deterioration and -50% TSR Despite Receiving ~$67 Million in Compensation Since 2012 Concerned New Chair Robert Dutkowsky Holds Four Public Company Director Roles, Maintains Two Public Company Chairman Roles, Overlapped at IBM with Mr. Lautenbach and Served on Committees That Perpetuated Failings at Pitney Bowes  Modifies Slate to Include Five Nominees with Experience in Capital Allocation, Corporate Governance, Capital Raising, Logistics, the Postage and Shipping Sectors, and Turnarounds Provides a Framework for Improving Cashflow by Curtailing Global Ec

GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced the appointment of Diana Saadeh-Jajeh as Chief Financial Officer, effective immediately. Ms. Saadeh-Jajeh previously held the role on an interim basis in 2021 and most recently served as the Company's Chief Accounting Officer. The appointment coincides with the Company's termination of the employment of Michael Recupero. Additional information can be found in the Form 8-K filed today with the U.S. Securities and Exchange Commission. View source version on businesswire.com: https://www.businesswire.com/news/home/20220707005673/en/

GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced it has appointed Nir Patel to the role of Chief Operating Officer, effective May 31, 2022. Most recently, he was Chief Executive Officer at Belk, a privately-owned national retailer with more than 300 stores across 16 states. He previously held senior roles at Kohl's and Lands' End after beginning his career at Target and Gap. He has approximately two decades of experience in operations, merchandising, supply chain, and retail and store operations.   View source version on businesswire.com: https://www.businesswire.com/news/home/20220516005312/en/

GRAPEVINE, Texas, June 21, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced the appointment of Matt Furlong to the Company's Board of Directors (the "Board"), effective immediately. The appointment date aligns with Mr. Furlong's start date as GameStop's new Chief Executive Officer. Coinciding with Mr. Furlong's appointment, George Sherman has retired from the Board. Five of the six members of the Board remain independent. About GameStop GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its e-commerce properties and thousands of stores. Visit w

Net Sales Grew 25% to $1.3 Billion Appoints Technology Veterans Matt Furlong and Mike Recupero to CEO and CFO Positions, Respectively GRAPEVINE, Texas, June 09, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME), today reported results for the first quarter ended May 1, 2021. First Quarter Fiscal 2021 Highlights Net sales increased 25.1% to $1.277 billion, compared to $1.021 billion in the fiscal 2020 first quarter, overcoming a nearly 12% reduction in the Company’s global store base due to strategic de-densification efforts, and continued store closures across Europe due to the COVID-19 pandemic; Gross margin was 25.9%, a decline of 180 basis points compared to the fiscal 2020 fir

Matt Furlong, Veteran E-Commerce Leader and Technology Industry Executive, Appointed CEO Mike Recupero, Seasoned Technology Industry Finance Executive, Appointed CFO GRAPEVINE, Texas, June 09, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has appointed Matt Furlong as Chief Executive Officer and Mike Recupero as Chief Financial Officer. Mr. Furlong and Mr. Recupero join from Amazon, where they each held senior roles and oversaw various growth initiatives during their respective tenures. Mr. Furlong’s start date is June 21, 2021 and Mr. Recupero’s start date is July 12, 2021. Mr. Furlong is a veteran e-commerce leader with sig

Investors with a lot of money to spend have taken a bearish stance on GameStop (NYSE:GME). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GME, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 21 uncommon options trades for GameStop. This isn't normal. The overall sentiment of these big-money traders is split between 4% bullish and 90%, bearish. Out of all of the special optio

AMC Entertainment Holdings Inc (NYSE:AMC) shares were halted Monday afternoon following a report indicating the company plans to restructure its debt load. AMC formally announced the plans shortly after. What Happened: AMC shares began perking up after Bloomberg reported that AMC reached an agreement with creditors that included a restructuring of its debt and an asset shift involving its U.S. theaters. People with knowledge of the plans reportedly said AMC will move its U.S. theaters into a different unit of the company to allow it to exchange its existing debt for new obligations backed by those theater locations. Shortly after the report surfaced, AMC shares were halted as the comp

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA CALL SWEEP BEARISH 07/26/24 $250.00 $26.5K 13.1K 37.1K GM CALL TRADE

GameStop (NYSE:GME) has outperformed the market over the past 20 years by 5.26% on an annualized basis producing an average annual return of 13.63%. Currently, GameStop has a market capitalization of $10.57 billion. Buying $1000 In GME: If an investor had bought $1000 of GME stock 20 years ago, it would be worth $13,122.44 today based on a price of $24.79 for GME at the time of writing. GameStop's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revie

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA PUT SWEEP BULLISH 07/19/24 $245.00 $26.3K 16.6K 99.6K GME CALL SWEEP BULLISH 07/26/24 $28.00 $28

Whales with a lot of money to spend have taken a noticeably bullish stance on GameStop. Looking at options history for GameStop (NYSE:GME) we detected 14 trades. If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 35% with bearish. From the overall spotted trades, 9 are puts, for a total amount of $303,127 and 5, calls, for a total amount of $255,604. Predicted Price Range Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $125.0 for GameStop over the recent three months. Volume & Open Interest Development In today's trading co

Chewy Inc. (NYSE:CHWY) founder Ryan Cohen has sparked speculation after posting the word “TRUMP” 665 times on Elon Musk‘s social media platform, X. What Happened: Cohen’s cryptic message has left the internet abuzz with theories about its meaning. The post comes after Cohen, a Canadian entrepreneur and activist investor, recently endorsed former President Donald Trump following an assassination attempt on Trump. Several social media users engaged with Cohen’s post, encouraging others to decode the message, and prompting some to count how many times the word “TRUMP” appeared in the text. TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP

Cryptocurrencies linked to legendary trader “Roaring Kitty" surged higher Tuesday on high short interest in meme stock, GameStop Corp. (NYSE:GME). What Happened: GameStop (CRYPTO: GME), the Solana (CRYPTO: SOL)-based meme coin that pays tribute to the historic 2021 short squeeze, jumped 10% in the last 24 hours.  Additionally, Kitty AI (CRYPTO: KITTY) shot up 25%, with a 10% jump in 24-hour trading volumes.  Both of these memecoins have no fundamental ties to GameStop or Roaring Kitty but are just playing on the speculations of a short squeeze of the meme stock and a possible repetition of the 2021 event. See Also: Pepe, dogwifhat, Floki Explode Amid Searing Memecoin Rally — Doge

Wall Street experienced another notable day with the bulls driving the market upward, fueled by expectations of the Federal Reserve’s rate cuts in September. The Dow Jones Industrial Average had its best session since late May, soaring by 1.85% to close at 40,954.48. Meanwhile, the S&P 500 saw a slight increase, ending the day up nearly 0.6% at 5,667.20. The Nasdaq also climbed, rising 0.2% to finish at 18,509.34. These are the top stocks that gained the attention of retail traders and investors throughout the day: GameStop Corp (NYSE:GME) GameStop shares closed the day with a 5.70% increase at $28.54, with an intraday high of $28.83 and a low of $27.37. The stock has been trending

Wedbush reiterated coverage of GameStop with a rating of Underperform and set a new price target of $6.20 from $6.50 previously

Ascendiant Capital reiterated coverage of GameStop with a rating of Sell and set a new price target of $23.00 from $24.00 previously

Wedbush reiterated coverage of GameStop with a rating of Underperform and set a new price target of $50.00 from $39.00 previously

Ascendiant Capital Markets downgraded GameStop from Hold to Sell and set a new price target of $10.00 from $12.00 previously

Wedbush downgraded GameStop from Neutral to Underperform and set a new price target of $29.00 from $16.00 previously

Telsey Advisory Group reiterated coverage of GameStop with a rating of Underperform and set a new price target of $30.00 from $33.00 previously

BofA Securities reiterated coverage of GameStop with a rating of Underperform and set a new price target of $10.00 from $1.60 previously

Telsey Advisory Group downgraded GameStop from Outperform to Underperform

Telsey Advisory Group downgraded GameStop from Outperform to Underperform and set a new price target of $33.00 from $22.00 previously