GameStop: Insider and Fund Stock Sales in Quarterly Release

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of GameStop Corp. (NYSE:GME).

SEC data indicate these insiders have sold GameStop Corp.’s stock since 06/30/2011:

Shern Stephanie M: act as Director. On 09/16/2011, sold 17,000 shares, worth $424,200.

Shern Stephanie M: act as Director. On 08/29/2011, sold 4,440 shares, worth $100,500.

Davis Jerome L: act as Director. On 10/17/2011, sold 4,000 shares, worth $99,200.

SEC data indicate that these institutions significantly reduced their stock shares of GameStop Corp. in Q3 2011:

SAMLYN CAPITAL, LLC: On 06/30/2011, held 806,091 shares, worth $21,498,447. On 09/30/2011, held 0 shares.

PENN CAPITAL MANAGEMENT CO INC: On 06/30/2011, held 728,608 shares, worth $19,431,975. On 09/30/2011, held 0 shares.

ALDEN GLOBAL CAPITAL LTD: On 06/30/2011, held 708,000 shares, worth $18,882,360. On 09/30/2011, held 0 shares.

MUHLENKAMP & CO INC: On 06/30/2011, held 458,445 shares, worth $12,226,728. On 09/30/2011, held 0 shares.

REDWOOD CAPITAL MANAGEMENT, LLC: On 06/30/2011, held 266,900 shares, worth $7,118,223. On 09/30/2011, held 0 shares.

About the company: GameStop Corporation operates specialty electronic game and PC entertainment software stores throughout the United States, Australia, Canada and Europe. The Company stores sell new and used video game hardware, video game software and accessories, as well as PC entertainment software, and related accessories and other merchandise.

Competitors to Watch: Best Buy Co., Inc. (NYSE:BBY), RadioShack Corporation (NYSE:RSH), Amazon.com (NASDAQ:AMZN), Walmart (NYSE:WMT), Target (NYSE:TGT).

(Note: Data regarding GameStop Corp.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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