Slow Crawl for GameStop (GME)

It appears GameStop Corp. (NYSE:GME) shares have finally hit bottom, they are up 9% from their 52-week low and inched up 3% from last week.

Via the theStockMasters.com from last Thursday (9/2) -- Any Hope Left for GameStop Shares? (GME, BBY, TGT)

GameStop Corp. (NYSE:GME) was once King of everything video game related when it came to retail, but that's not the case anymore as its share price shows the stressed result of a competitive market.  Not only does Amazon (AMZN), Wal-Mart (WMT) sell used games and consoles but now Best Buy (BBY) has jumped on board as well as Target (TGT).

GameStop (GME) shares have inched up 6.35% from its 52-week low but is there hope that its stock has finally hit bottom?

Despite the increased competition GameStop Corp (GME) still holds the crown as the world's largest video game retailer and has long offered trade-ins on used games and consoles for store credit. Selling used games is a big part of its business, and it has helped the retailer appeal to budget-conscious gamers in the recession.

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SOURCE: http://thestockmasters.com/node/2449

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