March 17, 2025 – GameStop Corp. (NYSE: GME) saw a modest uptick in its stock price on Monday morning, reaching $23.11 as of 10:18 AM EST. This reflects a slight increase of $0.06, or 0.26%, compared to its closing price on Friday. The small gain comes amid renewed interest from institutional investors, as highlighted by recent filings with the Securities and Exchange Commission (SEC).
In a notable move, Amundi, a prominent asset management firm, established a new position in GameStop during the fourth quarter of 2024. According to its latest SEC filing, Amundi acquired 161,781 shares of the video game retailer’s stock, valued at approximately $5,332,000. This investment signals confidence in GameStop’s future, despite the company’s ongoing efforts to pivot from its traditional brick-and-mortar retail model toward a broader e-commerce and gaming strategy.
Similarly, Steward Partners Investment Advisory LLC increased its stake in GameStop by 10.8% during the same quarter. The firm added 650 shares to its portfolio, bringing its total ownership to 6,658 shares, worth $209,000 as of its most recent SEC disclosure. While smaller in scale compared to Amundi’s purchase, this move underscores a broader trend of institutional investors adjusting their positions in the volatile stock.
GameStop has remained a focal point for both retail and institutional investors since the infamous 2021 short squeeze, driven by online communities like Reddit’s WallStreetBets. Although the stock has cooled from its meme-fueled highs, it continues to attract attention due to its unpredictable price swings and the company’s transformation efforts under CEO Ryan Cohen.
Today’s slight price increase may reflect cautious optimism in the market, bolstered by these institutional investments. However, GameStop’s long-term trajectory remains uncertain as it navigates a competitive gaming industry and evolving consumer habits. Investors will likely keep a close eye on upcoming earnings reports and strategic updates from the company for further clues about its direction.
For now, GME remains a stock to watch, blending legacy retail with a speculative edge that keeps it in the headlines.
