GameStop Corp. Target of Unusually High Options Trading (GME)
Shares of GameStop Corp. (NYSE:GME) saw unusually large options trading activity on Thursday. Stock traders purchased 12,009 put options on the company, American Banking News.com reports. This represents an increase of approximately 128% compared to the typical volume of 5,263 put options.
Several analysts have recently commented on the stock. 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 given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. GameStop Corp. presently 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. 4,900,766 shares of the company’s stock traded hands. GameStop Corp. has a one year low of $33.10 and a one year 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 price-to-earnings ratio of 13.22.
GameStop Corp. (NYSE:GME) last released its earnings data on Thursday, August 21st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 25.0% on a year-over-year basis. Analysts expect that GameStop Corp. will post $3.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.26%.
GameStop Corp. (NYSE:GME) is a holding company.
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