HOW TO BUY GAMESTOP STOCK

1. HOW TO BUY GAMESTOPSTOCK? Introduction Gamestop is a brick and mortar retailer based in America; the company is specialised in makingvideogames,electricalproductsandgamingmerchandise.Itistrendyoversocial media among the youths. However, the company merely exists in the form of a physical storeonWallStreet.TheGameStopisonReddit,asocialmediaplatformjustlikeTwitter. There the company had joined the wallstreetbets. It is a hedge used for betting against shares or any other financialinstrument. On Wall Street, people discuss shares, stocks and investment-related topics. It is a group of more than four million members. The pandemic hit the company hard, and it decidedtobetonwallstreetbets.Aspeoplewerelockedinsideandnoonewasout

2. shopping, the company faced huge losses. To overcome this situation, the company invested in as a hedge against the marketfluctuations. Whatexactlydotheydo,andhowcanatraderbuytheGameStopstock? Itisasignificant question, to know about the company and its trade practises let’s quicklydrive-in. Gamestop The company was first launched in Dallas in 1984 with a different name, Babbage’s and later in 1999 was named Gamestop. Gamestop co. is now headquartered in Grapevine, Texas, dealing in video games and other electronic products. As a video gamecompany, it is a famous video game maker in the US and other countries. With stores around 4816 around the world. It has maximum stores in the United States with 3192; in Canada, it has 253 stores, 417 in New Zealand and Australia and 954 inEurope. As of January and February 2021, the company skyrocketed the share price within a coupleofmonths.Asaresult,manytradersinvestedinthecompany’sshares.Theshares of the company are available online for traders and are traded on the New York Stock Exchange with the name of GME ticker. With the help of a reliable broker, any tradercan invest in the company’sshares. GamestopSuccess The company had gained popularity in recent years in the trade sector, but from 2004 to 2016, it was famous in the US. The company took over Electronics Boutique in 2005, worth$1.44billion,thusexpandingitsbusinessovercountrieslikeEurope,Canada,New Zealand and Australia. After some years, in 2007, the company acquired Rhino video games, a giant video game seller in the southern-eastern UnitedStates. It gradually opened more stores and kept expanding its business. It had forty-two locations that were adjacent to the GameStop. The firm had a new CEO in 2010named

3. J. Paul. Raines replaced Daniel DeMatteo, who became the executive chairmen. Under their leadership, the company grew from $190 million as of 2011 to $600 million by the end of 2012. In between the years, the company acquired many companies and game stations. • Here we have the list of video game stores or firms acquired byGameStop: • EB games • Rhino videogames • Free recordshops • Stake of Jolt online gaming and Irish browser gamestudio • Kongregate • Spawnlabs • Impulse • BuyMyTronics • 49.9% stake inMac • SpringMobile • 163 RadioShacklocations • Geeknet • AT&T stores GamestopDecline Thecompanyfacedadeclinefrom2016till2020whenthemarketfluctuationstookplace. The market changes with new downloadable games online like Playstations, Steam and Xbox etc. This led to a decline in the business of video games as people were able to download online games directly. The sale of Gamestop declined, and thus there was a financial loss. The management of the company changed with old leaders taking an exit, andnewonesjoinedin.But,thisalsodidn’tworkwell,andthesaleofvideogamesdidn’t increase.

4. It put much effort into the reorganisation of the team and laying off staff. It even had a partnership with R/GA to enhance its competitiveness in the market. But all its efforts were in vain due to the pandemic. However, in 2021 it gained popularity online on social media platforms and had a high share value in January2021. How to buy the shares ofGamestop? • Buying shares with Gamestop is profitable due to its increased market worth. Therefore, traders or investors can purchase the number of shares they want of the company and trade in the market. Here, we have the steps of buying the shares ofGamestop: • Brokers • Finding a trusted and authorised broker is the first step towards share purchase. If the broker is licensed to trade online and has good security facilities, traders should consider them. Then traders should check on the exchanges that are available with the broker. As all brokers do not have access to the GameStop stock. So, traders must confirm before going for any broker—New York stock exchange (NYSE) in the US stock exchange that has GameStop stock for investment. So, traders should first examine that broker has NYSE in thelist. • The broker should also allow traders of different countries, and if they do not have that, traders can go for other brokers. With all this spread, commission, trading platforms, and account information should betaken. • Some recommended brokers would be ETFinance, TradeATF andROInvesting. • BrokerageAccount • The second step after finding the appropriate broker is account opening with the broker. Account opening is a simple process where traders have to register with personal information like name, email address, contact number and set apassword.

5. Traders can quickly open accounts online with some brokers, and some take two daysto examine the traders’ background. Traders then open an account with the broker and can buy Gamestop stock and hold them fortrading. • DepositFunds • For trading, online investors have to deposit initial funds to start trading. The brokerage accountsneedaminimumdepositofmoneytobuythesharesoftheGamestopcompany. It is easy and pretty quick with online payment modes through debit and credit cards, bank wire transfers ande-wallets. • Buying Shares ofGamestop • The process of account opening, choosing the right broker, and deposit of money are complete. Traders have all the requirements for the purchase of the shares. Therefore, traderscannowsearchintheiraccounttheGamestopstock.Then,tradershavetoinsert the number of shares they want to buy, click on the buy button, and execute the buying order. • Traders can even choose different order types from the trading platforms to be more precise about their trade. • Reviewing • The final step is to monitor the shares regularly. Purchasing of shares requires holding them to further buy or sell in the financial market. For this, traders have to keep an eye onthemarketandGamestopstock.Moreover,thecompanydetailsandtherelatednews of the country also affect the share prices. So, all these elements have to be considered while trading in the shares of a company. There are several trading strategies available withbrokersthatcouldbeusedforthispurpose.Theyactasanaidfortraderstoanalyse the market and monitor them from time totime.

6. Traders also get the opportunity to attend annual meetings of the Gamestop company if they hold the stocks for a long period oftime. Continue Reading……………..