GameStop Corp. Sees Unusually Large Options Volume (GME)
Shares of GameStop Corp. (NYSE:GME) saw unusually large options trading activity on Thursday. Stock traders acquired 11,760 call options on the company, American Banking and Market News reports. This is an increase of 445% compared to the average daily volume of 2,158 call options.
GME has been the subject of a number of recent research reports. Analysts at Benchmark Co. cut their price target on shares of GameStop Corp. from $34.71 to $33.00 in a research note on Monday. Separately, analysts at Wedbush reiterated a “buy” rating on shares of GameStop Corp. in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. GameStop Corp. currently has an average rating of “Buy” and a consensus target price of $50.92.
GameStop Corp. (NYSE:GME) traded down 2.03% during mid-day trading on Thursday, hitting $40.49. The stock had a trading volume of 4,895,851 shares. GameStop Corp. has a 52 week low of $33.10 and a 52 week high of $57.74. The stock’s 50-day moving average is $42.07 and its 200-day moving average is $39.36. The company has a market cap of $4.610 billion and a P/E ratio of 13.22.
GameStop Corp. (NYSE:GME) last released its earnings data on Thursday, August 21st. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.04. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company posted $0.09 earnings per share. GameStop Corp.’s revenue was up 25.0% compared to the same quarter last year. On average, analysts predict that GameStop Corp. will post $3.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.26%.
GameStop Corp. (NYSE:GME) is a holding company.
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