GameStop To Hire 500 Employees in Florida – GME Shares Down Premarket

Practice Stock Trading Your Capital Is At Risk
Sam Boughedda
Updated: 20 Sep 2021

On Monday, GameStop (NYSE: GME) announced that it plans to hire up to 500 employees at its newly-leased customer service center in Pembroke Pines, Florida.

new-recommended-broker-banner

The new facility is expected to be operational by the end of 2021, with GameStop stating that the facility will be an integral part of the Company’s U.S.-based customer care operations.

GameStop is a signature meme stock, with its shares up over 987.9% in 2021. At the end of January, the company's shares reached an intraday high of $483 as a buying frenzy took hold. 

AMC Entertainment, another meme stock, told Fox Business at the beginning of September that it had contacted GameStop about a partnership. 

GME shares are currently trading at $197.45 premarket on Monday, down 3.67% from Friday's close. The company reported Q2 revenue at $1.18 billion and an EPS of -$0.76.

Should You Invest in GameStop Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .