12 Best Robinhood Stocks to Buy Under $20

6. GameStop Corp. (NYSE:GME)

Number of Hedge Fund Holders: 16

GameStop Corp. (NYSE:GME)  is a leading retailer specializing in video games, entertainment products, and technology, with a global presence spanning the United States, Canada, Australia, and Europe. Operating under well-known brands like GameStop, EB Games, and Micromania, the company boasts over 4,000 stores worldwide.

GameStop Corp. (NYSE:GME) has been making notable strategic moves in early 2025, signaling adaptive changes. The company has been exploring cryptocurrency investments, which could diversify its portfolio and align with emerging market trends, potentially strengthening its financial standing. Additionally, the company announced the closure of select stores in Michigan, including locations in Midland Mall and Bay City Mall. This is part of a broader effort to optimize its retail footprint and adjust to the shifting landscape of consumer behavior.

GameStop Corp. (NYSE:GME)  reported third-quarter 2024 results showing a mixed performance. Net sales fell to $860 million from $1.078 billion in the same quarter last year, reflecting a 20% year-over-year decline. However, the company managed to reduce its selling, general, and administrative expenses by 4.9%, from $296.5 million to $282 million. Its cash position remained strong at $4.6 billion, bolstered by a successful equity offering that raised approximately $400 million.