Stock Traders Buy High Volume of Call Options on GameStop Corp. (GME)
Shares of GameStop Corp. (NYSE:GME) saw unusually large options trading activity on Monday. Stock traders bought 39,397 call options on the company, StockRatingsNetwork reports. This represents an increase of approximately 601% compared to the average volume of 5,620 call options.
GME has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of GameStop Corp. in a research note to investors on Tuesday, January 7th. Separately, analysts at Stifel Nicolaus downgraded shares of GameStop Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, January 7th. Finally, analysts at Benchmark Co. initiated coverage on shares of GameStop Corp. in a research note to investors on Thursday, December 19th. They set a “hold” rating and a $38.55 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $53.87.
GameStop Corp. (NYSE:GME) last released its earnings data on Thursday, November 21st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 18.8% on a year-over-year basis.
GameStop Corp. (NYSE:GME) is a holding company.
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