The S&P 500 Mid-Market Report: GameStop Levels Up
By Anthony Shields Sep 04, 2012 3:30 pm
Plus, Netflix and Cliffs Natural Resources suffer a sharp decline.
MINYANVILLE ORIGINAL The S&P 500 (^GSPC) is up 1.30 or .09%, despite its massive fall earlier in the day. Video game retailer GameStop (GME) is today’s big winner, gaining 1.43 or 7.49% after a report from Goldman Sachs (GS) lifted its rating from "hold" to "buy." In contrast, today’s biggest loser was Netflix (NFLX), which declined by 3.88 or 6.50%, continuing its losing streak over the past three trading days, and adding to its nearly 20% loss for the year. Cliffs Natural Resources (CLF) also fell by 1.96 or 5.47%, continuing its sharp decline over the past month.
No positions in stocks mentioned.