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GameStop (NYSE:GME) Shares Gap Down Following Insider Selling
['Defense World Staff']
Defense World
Shares of GameStop Corp. (NYSE:GME – Get Free Report) gapped down prior to trading on Friday after an insider sold shares in the company.
GameStop shares last traded at $26.44, with a volume of 2,725,720 shares changing hands.
Following the completion of the transaction, the insider owned 112,620 shares in the company, valued at approximately $3,106,059.60.
Invesco Ltd. now owns 3,858,024 shares of the company’s stock valued at $94,097,000 after buying an additional 3,200,321 shares during the last quarter.
Finally, Clear Street LLC acquired a new position in GameStop in the 2nd quarter valued at $57,433,000.