🔥Stock Prediction: How will GME close Thursday 7/12 following their earnings?
Click to vote. Guess how will $GameStop(GME)$ closeThursday 7/12 following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
Video game retaile $GameStop(GME)$ is set to release its third-quarter results for fiscal 2023 on December 6 after the closing bell. Analysts predict a loss per share of 8 cents and revenues of $1.18 billion for this quarter.
Historically, October earnings have been tough on GameStop. The third quarter, lacking any significant shopping holidays, tends to be a seasonally slow period for retail companies. Additionally, the release of major gaming consoles and blockbuster video game titles typically occurs in Q4.
As a result, consumer spending tends to decline in Q3, especially on non-essential items such as gaming products. Yet the company could still avoid a per-share loss thanks to its aggressive cost-reduction strategy. GameStop has been actively reducing its store count and optimizing its workforce in recent quarters.
A glance at GameStop's option chain ahead of Q3 earnings reveals that traders are anticipating a significant reaction from the stock, with earnings day acting as the potential catalyst.
GameStop's out-of-the-money call open interest for options expiring on December 8 (two days after earnings day) has displayed an unusually high volume for strike prices at $20 and $25 per share. Those strike prices imply a potential rise of ~30% in GameStop's share price (compared to its closing price on Dec. 1).
GameStop's option calls with expiration on December 8.
💰Event Details
Click to vote. Guess where $GameStop(GME)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
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⏰Event Duration
The deadline for this event is 04:00 on 7 December 2023
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How will GME close Thursday 7/12 following their earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Click to vote. Guess where $GameStop(GME)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
<p dir="ltr"><a href="https://ttm.financial/U/4132300740238052"> @</a><a href="https://ttm.financial/U/4132300740238052">icycrystal</a><a href="https://ttm.financial/U/4132300740238052"> </a><a href="https://ttm.financial/U/4091884160412060"> @Aqa </a>thanks for tagging! [Love]</p>
@icycrystal @Aqa thanks for tagging! [Love]
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