Robinson Mark Haymond, an insider at GameStop Corp (GME), recently purchased 121,863 shares of the company stock at a price of $21.84 per share, totaling approximately $2.66 million. Following this transaction, Haymond holds the same number of shares in the company.
GameStop Corp operates in the retail industry, offering games and entertainment products through both ecommerce and physical stores. Headquartered in Grapevine, Texas, the company currently employs around 6,000 full-time staff and operates approximately 3,203 stores across the United States, Canada, Australia, and Europe. GameStop's stores primarily operate under the names GameStop, EB Games, and Micromania, with additional pop culture-themed stores in its Australia and Europe segments.
The move underscores the potential confidence insiders may have in their company's future performance. However, it is important to note that insider buying should not be the sole factor in investment decisions, as various personal or regulatory reasons can influence such transactions.
This update provides insight into how company executives view their stock, but investors should consider broader patterns of insider activity across multiple insiders and time periods for a more comprehensive evaluation. GameStop's market capitalization stands at $10.5 billion, with a P/E ratio of 28.88 and an EPS of 0.73. The company is expected to report its upcoming earnings on June 8, 2026, with an EPS estimate of $0.12 and revenue estimate of $774.3 million.