Boston, MA, 07/01/2013 (financialstrend) – GameStop Corp. (NYSE:GME) had announced that its PowerUp Rewards Members and the common public would now have an opportunity to play the all new generation of game consoles – the Xbox One of Microsoft and PS4 of Sony Computer Entertainment. This opportunity is to be provided to those who register at the GameStop Expo to take place on August 28 2013 at the Sands Expo and Convention Center in Las Vegas. The participants would also get hands on experience and close up look at the new systems of GameStop Corp. (NYSE:GME) which are to be lined up for launch at the Expo.
Shares of GameStop Corp. (NYSE:GME) surged by 2.84 percent to close at $42.03 on Friday. The opening price for the stock was at $41.12 per share and thereafter fluctuated between $41.12 and $42.84 throughout the day. The 52 week low price of GameStop Corp. (NYSE:GME) is at $15.32 and 52 week high is readjusted to new value at $42.84 per share.
With around 119 million shares outstanding in the market, GameStop Corp. (NYSE:GME) presently has a market cap of $5 billion. The company had witnessed the trade on 3.50 million shares on Friday, which was low compared to the average trading volume at 4.90 million shares per day. The institutional investors contribute to around 139 percent of the total capital of GameStop Corp. (NYSE:GME).
GameStop Corp. (NYSE:GME) is primarily engaged in the retail sales of multichannel video games. The product portfolio of the company is varied and includes new and existing video game hardware, private computer entertainment software, physical and digital game software and other related accessories and merchandise. GameStop Corp. (NYSE:GME) operates its retail network of stores across the United States, Europe, Australia and Canada in the names of EB Games, Micromania and GameStop.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of financialstrend.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.financialstrend.com/disclaimer