GameStop (NYSE:GME) Stock, Quote.Headers.trade-ideas

GameStop

GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.

movers image

News

Intraday Update

Markets

Movers

Trading Ideas

BYRN

MRNO

OKLO

SBGI

SRRK

Constellation Energy, Nike, Sinclair And Other Big Stocks Moving Higher On Friday

February,1,,2021,,Brazil.,In,This,Photo,Illustration,The,Gamestop

Gaming

Technicals

Tech

General

GameStop CEO Ryan Cohen&#39;s failure to report the acquisition of Wells Fargo shares promptly resulted in a sharp focus on his management.

GameStop Stock Stuck In Level-Up Limbo: Can It Shake Off The Bearish Trend?

Bitcoin

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$DOGE

$ETH

$LTC

With a change in its business practices, GameStop Corporation (NYSE:GME) allows CEO Ryan Cohen the ability to buy and sell stocks and cryptocurrency with

Bitcoin Worth $63,000 Pulled In $33 Pack Of Trading Cards At GameStop: &#39;Mind-Boggling&#39; Story Goes Viral, Highlights Crypto Redemption Card

GameStop Corp

Globus Medical, Inc. Class A Common Stock

Globus Medical Inc

GAMEE

Gambit Energy Inc

GOME ELEC APP HLDG ORD by GOME Retail Holdings Limited

GOME Retail Holdings Ltd

Good Gaming Inc

VanEck Green Metals ETF

GAMEON ENTMT TECHNOLOGIES by GameOn Entertainment Technologies Inc.

GameOn Entertainment Technologies Inc

GME INNOTAINMENT INC by GME Innotainment, Inc.

GME Innotainment Inc

GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) has outperformed the market over the past 5 years by 63.2% on an annualized basis producing an average annual return of 77.15%. Currently, GameStop has a market capitalization of $9.28 billion. 
Buying $100 In GME: If an investor had bought $100 of GME stock 5 years ago, it would be worth $1,741.04 today based on a price of $21.75 for GME at the time of writing.
<h3>GameStop's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726864213_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $1,700 Today

WIIM

GameStop shares are trading higher. The stock, which has gained attention from retail investors, may benefit from tonight's index rebalance.

U.S. stocks were lower, with the Dow Jones index falling around 200 points on Friday.
Shares of Constellation Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NYSE">CEG</a>) rose sharply during Friday's session after the company announced it signed a 20-year power purchase agreement with Microsoft that will help launch the Crance Clean Energy Center and restart<a href="https://www.benzinga.com/quote/CEG/news"> Three Mile Island Unit 1</a>.
Constellation Energy shares jumped 13.4% to $236.43 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) shares jumped 20.1% to $12.73.</li>
<li>Oklo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NASDAQ">OKLO</a>) gained 18.7% to $7.84.</li>
<li>Byrna Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) gained 9.3% to $16.47.</li>
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) gained 8.8% to $100.62.</li>
<li>Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) shares rose 7.8% to $44.29.</li>
<li>Centrus Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>) gained 7.5% to $44.56.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) climbed 7.5% to $10.33.</li>
<li>Murano Global Investments Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNO#NASDAQ">MRNO</a>) rose 7.1% to $8.41.</li>
<li>Scholar Rock Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>) gained 6.9% to $9.10.</li>
<li>Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) gained 6.5% to $14.98 as the company raised its third quarter and full-year 2024 political revenue estimates.</li>
<li>NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) gained 6.3% to $86.06 after the company announced Elliot Hill will take over as the new President and CEO. John Donahoe will retire from his position.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) rose 6.1% to $20.69. The Federal Trade Commission (FTC) recently slapped a fine on CEO Ryan Cohen.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40956962/top-3-financials-stocks-that-may-rocket-higher-this-quarter">Top 3 Financials Stocks That May Rocket Higher This Quarter</a></li>
</ul>

GameStop Corp&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock price is up 17.04% year-to-date but down 12.43% over the past month.
The Federal Trade Commission (FTC) recently slapped a fine on CEO Ryan Cohen, adding fuel to the fire, and further stoking the volatility that GameStop stock investors are used to.
Cohen agreed to <a href="https://www.benzinga.com/news/large-cap/24/09/40938804/gamestop-ceo-ryan-cohen-penalized-nearly-1m-over-wells-fargo-share-acquisition">pay almost $1 million</a> to settle charges from the FTC. His failure to report the acquisition of Wells Fargo shares promptly resulted in a sharp focus on his management.
This legal hiccup hasn't exactly helped GameStop&#8217;s stock price, and it's left investors wondering whether this meme stock has run out of extra lives.
<h2 class="wp-block-heading">GameStop Stock Chart Bearish: More &#8216;Game Over&#8217; Than &#8216;Level Up&#8217;? </h2>
GameStop stock's technical indicators are signaling a potential storm.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20085322/Screenshot-2024-09-20-at-6.22.51-PM.png" alt="" class="wp-image-558320" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20085322/Screenshot-2024-09-20-at-6.22.51-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20085322/Screenshot-2024-09-20-at-6.22.51-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The stock's price sits at $19.51, well below critical moving averages:
<ul>
<li>Eight-day SMA: $20.57</li>
<li>20-day SMA: $21.58</li>
<li>50-day SMA: $22.74</li>
</ul>
With the stock trading below these moving averages, it's clear that GameStop is under intense selling pressure. The 200-day SMA is also closing in and if the trend continues the stock may drop below this average, signaling long-term bearishness.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40826056/jim-cramer-agrees-gamestop-should-consider-operating-as-a-bank-and-labels-the-meme-stock-as-mass">Jim Cramer Agrees GameStop Should Consider Operating As A Bank And Labels The Meme Stock As &#8216;Massively Overvalued&#8217; SPAC</a>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20085559/Screenshot-2024-09-20-at-6.25.47-PM.png" alt="" class="wp-image-558330" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20085559/Screenshot-2024-09-20-at-6.25.47-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20085559/Screenshot-2024-09-20-at-6.25.47-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The MACD (Moving Average Convergence Divergence) sits at a negative 0.78, confirming a bearish signal.
The Relative Strength Index (RSI) for GameStop stock is 37.89 and declining gradually, putting it in very close to the oversold territory. This could be a ray of hope for traders expecting a bounce back.
However, the stock is still struggling to break through any key resistance levels. This indicates further downside risks.
The Bollinger Bands (25) show a range of $18.81 &#8211; $24.47, with GameStop stock trading at $19.51, suggesting that the stock is sitting at the lower end of its range. The risk of it breaking lower increases unless some bullish catalyst intervenes.
<h2 class="wp-block-heading">Roaring Kitty Returns: A Meme Stock Spark? </h2>
Interestingly, meme stock hero Keith Gill, a.k.a. Roaring Kitty, recently resurfaced on social media, and GameStock stock&#8217;s price saw a small uptick in response.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/9xPMBKesNV">pic.twitter.com/9xPMBKesNV</a>
&mdash; Roaring Kitty (@TheRoaringKitty) <a href="https://twitter.com/TheRoaringKitty/status/1832086356849250635?ref_src=twsrc%5Etfw">September 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, these short-lived bumps are becoming less impactful as GameStop stock investors look for more sustainable growth rather than internet-driven hype.
GameStop may be oversold, but the bearish technical indicators outweigh any meme stock optimism. Unless a significant fundamental shift occurs, the stock seems poised for further declines. 
For now, GameStop stock bulls might have to wait until the next big catalyst.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40946963/bitcoin-worth-63-000-pulled-in-33-pack-of-trading-cards-at-gamestop-mind-boggling-story-go">Bitcoin Worth $63,000 Pulled In $33 Pack Of Trading Cards At GameStop &#8211; &#8216;Mind-Boggling&#8217; Story Goes Viral, Highlights Crypto Redemption Card</a></li>
</ul>
Image: Shutterstock

With a change in its business practices, GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) allows CEO Ryan Cohen the ability to buy and sell stocks and cryptocurrency with<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36142175/meme-king-ryan-cohen-now-able-to-trade-stocks-with-gamestop-funds"> the company's cash.</a>
While GameStop hasn't added Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to its balance sheet yet, the company did help one customer turn a small purchase into a full BTC worth over $60,000.
What Happened: The Cardsmiths Currency Series 1 trading card series, launched in 2022, features influential people to <a href="https://www.benzinga.com/crypto">the cryptocurrency sector,</a> memes and artifacts. The set also includes randomly inserted redemption codes that are available to trade for various amounts of Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
A GameStop customer found one of the redemption cards previously and upon scratching it off last month, realized he had one of the rarest cards good to redeem for one full Bitcoin. This turned his initial $33 purchase for the pack of cards into a Bitcoin worth more than $60,000.
The consumer shared his findings in a post on <a href="https://www.reddit.com/r/Currencytradingcards/comments/1es9ypc/got_one/">Reddit</a>, with the action now going viral thanks to GameStop tweeting about the unique story.
"A GameStop customer found 1 Bitcoin in a trading card pack," GameStop <a href="https://x.com/gamestop/status/1836110246558961800">tweeted</a>.
According to the Reddit post, the user said they thought the unscratched redemption card "looked better in the binder."
Later upon scratching off the card, the card owner thought the redemption card was good for a part of a whole Bitcoin before realizing that it was for one BTC.
"This is mind boggling to me honestly," the owner said.
The user did admit to have previously buying and opening 10 to 12 boxes of the Cardsmiths Currency Series 1 trading cards.
Read Also:<a href="https://www.benzinga.com/news/earnings/24/09/40803991/gamestop-q2-earnings-highlights-revenue-miss-eps-beat-cash-update-and-more"> GameStop Q2 Earnings Highlights: Revenue Miss, EPS Beat, Cash Update And More</a>
Why It's Important: The price of Bitcoin was around $16,500 when the series 1 currency trading card set was released, as reported by <a href="https://www.cllct.com/sports-collectibles/memorabilia/collector-finds-bitcoin-in-pack-of-cards-from-game-stop">Cllct</a>.
Another GameStop purchaser also found a Bitcoin redemption card back in March, but the number of unredeemed full Bitcoin cards could be 0 or 1 now, according to the report.
The company behind the Cardsmiths Currency Trading Cards said the set offered the "industry-first cryptocurrency redemption program."
Series 1 of the set is believed to have had five Bitcoin redemption cards. The company's CEO said earlier this year that there were only a couple unredeemed BTC cards according to a user on the Reddit thread, which could suggest that the two pulled at GameStop were the last ones.
The recent tweet will likely put increased attention on the currency trading cards and also GameStop's<a href="https://www.benzinga.com/general/gaming/24/05/38799011/gamestop-dives-into-collectibles-market-with-pok-mon-trading-cards"> recent push into trading cards</a> in stores and online.
GameStop's <a href="https://www.gamestop.com/search/?prefn1=brand&amp;prefv1=Cardsmiths&amp;q=Currency%20Trading%20Cards&amp;view=new&amp;utm_campaign=brand&amp;utm_content=1726594207&amp;utm_medium=social&amp;utm_source=instagram">website </a>currently lists several Cardsmiths items for sale including:
<ul>
<li>Series 3 Collectors Box 2-Pack: $36.99</li>
<li>Series 3 Mega Box (40 Cards): $105.99</li>
<li>Series 2 Collectors Box 2-Pack: $30.00</li>
<li>Series 1 Collectors Box 2-Pack: $31.99</li>
</ul>
While the full Bitcoin redemption cards from series 1 could be completely gone, each series has redemption cards for various amounts of Bitcoin, Ethereum, Litecoin and Dogecoin.
For Series 1, the odds of getting a cryptocurrency redemption code was listed at 1:96 packs.
GME, BTC Price Action: GameStop stock trades at $19.62 versus a 52-week trading range of $9.95 to $64.83. GameStop stock is up 17.7% year-to-date in 2024.
Bitcoin trades at $63,688.18, up 5% over the last 24 hours. Bitcoin has traded between $26,011.47 to $73,750.07 over the last 52-weeks and is up 43.8% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39677771/gamestop-offering-25k-bounty-on-rare-lionel-messi-card-video-game-retailer-deepens-trading-card-push">GameStop Offering $25K Bounty On Rare Lionel Messi Card: Video Game Retailer Deepens Trading Card Push</a></li>
</ul>

Bitcoin Worth $63,000 Pulled In $33 Pack Of Trading Cards At GameStop: 'Mind-Boggling' Story Goes Viral, Highlights Crypto Redemption Card

On Wednesday, the Federal Trade Commission said Ryan Cohen, managing partner of RC Ventures and Chairman and CEO of GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), will pay a $985,320 civil penalty.
This <a href="https://www.ftc.gov/news-events/news/press-releases/2024/09/gamestop-ceo-ryan-cohen-pay-nearly-1-million-penalty-settle-antitrust-law-violation" target="_blank" rel="noreferrer noopener">fine</a> stems from charges that Cohen violated the Hart-Scott-Rodino Act by failing to file the necessary paperwork during his acquisition of shares in Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>).
Cohen&#8217;s actions resulted in an acquisition that exceeded HSR filing thresholds, triggering the need for federal antitrust agencies to review the deal.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40816734/gamestop-analyst-says-retailer-could-close-all-stores-operate-as-bank-to-manage-los" rel="noreferrer noopener">GameStop Analyst Says Retailer Could Close All Stores, Operate As Bank To Manage Losses</a>.
According to the FTC&#8217;s complaint, Cohen&#8217;s purchase of more than 562,000 Wells Fargo voting securities required him to file an HSR form and wait for regulatory clearance before completing the transaction.
The HSR Act mandates that companies and individuals report large transactions to the FTC and the Department of Justice to allow for federal review.
As per the complaint, Cohen <a target="_blank" href="https://www.ftc.gov/system/files/ftc_gov/pdf/Cohen-Complaint-filed.pdf" rel="noreferrer noopener">acquired</a> 562,077 voting securities in Wells Fargo in March 2018, which resulted in his aggregated holdings of Wells Fargo securities exceeding the $100 million threshold, which in March 2018 was $168.8 million.
Cohen&#8217;s acquisition was not exempt under the Investment-Only Exemption of the HSR Act.
His emails and interactions with Wells Fargo&#8217;s leadership, where he advocated for a board seat and suggested business improvements, indicated an intent to influence the company&#8217;s operations. This intent disqualified his holdings from being considered passive investments.
In January 2021, Cohen made a corrective filing under the HSR Act for the March 2018 voting securities acquisition.
Under the law, finalizing a deal during the 30-day investigation period without approval is prohibited. At the time of Cohen&#8217;s violation, the maximum civil penalty for such infractions was $43,792 per day.
The FTC&#8217;s decision to settle the case and forward it to the DOJ for filing was unanimous, with a 5-0 vote.
Last week, GameStop reported second-quarter net sales of $798.0 million, down from $1.16 billion a year ago and missing the consensus of $895.7 million.
The video game retailer reported a profit of 1 cent per share, beating a Street consensus estimate of a loss <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/40803991/gamestop-q2-earnings-highlights-revenue-miss-eps-beat-cash-update-and-more" rel="noreferrer noopener">of 9 cents per share</a>.
Price Action: GME stock is up 1.50% at $19.94 during the premarket session at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/40927367/zimmer-biomet-to-stop-selling-cpt-hip-implant-system-by-end-of-2024-due-to-high-fracture-risks" target="_blank" rel="noreferrer noopener">Zimmer Biomet To Stop Selling CPT Hip Implant System By End Of 2024 Due To High Fracture Risks</a>.</li>
</ul>
Photo: Courtesy of Bill Jerome on Flickr

Large Cap

Legal

Management

GameStop CEO Ryan Cohen Penalized Nearly $1M Over Wells Fargo Share Acquisition

Investors with a lot of money to spend have taken a bearish stance on GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GME, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 20 uncommon options trades for GameStop.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 65%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $535,991, and 15 are calls, for a total amount of $1,377,854.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $19.0 to $125.0 for GameStop over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for GameStop options trades today is 6457.88 with a total volume of 54,553.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for GameStop's big money trades within a strike price range of $19.0 to $125.0 over the last 30 days.
<h3>GameStop Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726680721_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.5</td>
<td>$3.45</td>
<td>$3.45</td>
<td>$20.00</td>
<td>$345.1K</td>
<td>23.2K</td>
<td>10.0K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$18.85</td>
<td>$18.25</td>
<td>$18.25</td>
<td>$35.00</td>
<td>$270.1K</td>
<td>107</td>
<td>0</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.75</td>
<td>$3.55</td>
<td>$3.55</td>
<td>$20.00</td>
<td>$230.1K</td>
<td>23.2K</td>
<td>3.2K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.75</td>
<td>$3.65</td>
<td>$3.69</td>
<td>$20.00</td>
<td>$147.5K</td>
<td>23.2K</td>
<td>1.1K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$18.75</td>
<td>$18.3</td>
<td>$18.3</td>
<td>$35.00</td>
<td>$139.0K</td>
<td>107</td>
<td>224</td>
</tr>
</tbody>
</table>

<h3>About GameStop</h3>
GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.
Following our analysis of the options activities associated with GameStop, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of GameStop</h3>
<ul>
<li>With a volume of 4,482,885, the price of GME is down -3.03% at $19.55. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 77 days.</li>
</ul>
<h3>What The Experts Say On GameStop</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $10.0.
<ul>
<li>Consistent in their evaluation, an analyst from Wedbush keeps a Underperform rating on GameStop with a target price of $10. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest GameStop options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

GameStop's Options Frenzy: What You Need to Know

U.S. FTC Says GameStop CEO Ryan Cohen To Pay Nearly $1M Penalty To Settle Antitrust Law Violation

GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) has outperformed the market over the past 20 years by 3.19% on an annualized basis producing an average annual return of 11.55%. Currently, GameStop has a market capitalization of $8.77 billion. 
Buying $100 In GME: If an investor had bought $100 of GME stock 20 years ago, it would be worth $909.17 today based on a price of $20.57 for GME at the time of writing.
<h3>GameStop's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726248642_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning GameStop Stock In The Last 20 Years

Whales with a lot of money to spend have taken a noticeably bullish stance on GameStop.
Looking at options history for GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $183,721 and 10, calls, for a total amount of $589,180.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $18.0 to $40.0 for GameStop over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for GameStop options trades today is 4169.64 with a total volume of 7,865.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for GameStop's big money trades within a strike price range of $18.0 to $40.0 over the last 30 days.
<h3>GameStop 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726161540_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$3.05</td>
<td>$2.5</td>
<td>$2.5</td>
<td>$18.00</td>
<td>$249.0K</td>
<td>103</td>
<td>1.0K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$1.35</td>
<td>$1.2</td>
<td>$1.29</td>
<td>$21.50</td>
<td>$63.4K</td>
<td>2.0K</td>
<td>788</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.05</td>
<td>$4.95</td>
<td>$4.95</td>
<td>$18.00</td>
<td>$49.5K</td>
<td>1.9K</td>
<td>7</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.4</td>
<td>$2.25</td>
<td>$2.4</td>
<td>$20.00</td>
<td>$48.0K</td>
<td>10.6K</td>
<td>357</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.54</td>
<td>$0.45</td>
<td>$0.46</td>
<td>$22.00</td>
<td>$45.7K</td>
<td>3.9K</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h3>About GameStop</h3>
GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.
<h3>Where Is GameStop Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 5,513,824, the GME's price is down by -1.91%, now at $20.25. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 83 days.</li>
</ul>
<h3>What The Experts Say On GameStop</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $10.0.
<ul>
<li>An analyst from Wedbush has decided to maintain their Underperform rating on GameStop, which currently sits at a price target of $10. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest GameStop options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Decoding GameStop's Options Activity: What's the Big Picture?

Jim Cramer has compared GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) to an overvalued special purpose acquisition company.
What Happened: Cramer the host of CNBC&#8217;s &#8220;Mad Money&#8221; host <a href="https://www.cnbc.com/2024/09/11/jim-cramer-says-gamestop-feels-like-a-massively-overvalued-spac.html">criticized</a> GameStop&#8217;s business model, suggesting it resembles a SPAC due to its reliance on raising capital despite poor business performance. He emphasized the need for GameStop to present a clear strategy to justify its stock price.
"When you think of GameStop, you need to imagine a SPAC — and not just any SPAC, it's a massively overvalued one that needs to purchase something incredible at an insane discount,&#8221; Cramer said. 
GameStop reported a 31% year-over-year sales decline, marking its fourth consecutive quarter of losses. Despite this, the company turned a profit from interest on its $4.2 billion cash reserve. 
Cramer <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40816734/gamestop-analyst-says-retailer-could-close-all-stores-operate-as-bank-to-manage-los">echoed an analyst&#8217;s view</a> that GameStop should consider closing physical stores and operate as a bank. He also noted that many investors hope for acquisitions that could boost the stock&#8217;s value, a bet he is unwilling to take.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40769921/palantir-stock-soars-in-monday-premarket-whats-driving-the-surge?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir Stock Soars In Monday Premarket: What&#8217;s Driving The Surge?</a>
Why It Matters: GameStop&#8217;s recent financial results have been a cause for <a href="https://www.benzinga.com/news/earnings/24/09/40803991/gamestop-q2-earnings-highlights-revenue-miss-eps-beat-cash-update-and-more">concern among investors</a>. On Monday, the company reported second-quarter net sales of $798 million, falling short of the $895.7 million consensus estimate. The revenue miss was primarily due to lower-than-expected sales in hardware, accessories, and collectibles.
Analysts have been vocal about GameStop&#8217;s struggles. Wedbush analyst Michael Pachter reiterated an Underperform rating and suggested the company could close all its physical stores and operate as a bank to manage its losses. Pachter questioned why GameStop shares traded at a premium to its cash reserves <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40816734/gamestop-analyst-says-retailer-could-close-all-stores-operate-as-bank-to-manage-los">without a clear strategy</a>.
Adding to the volatility, the &#8220;Roaring Kitty&#8221; account, known for its influence on meme stocks, recently posted a cryptic message on X, leading to speculation and <a href="https://www.benzinga.com/news/24/09/40753645/roaring-kitty-posts-again-whats-going-on-with-gamestop-amc-chewy-stocks">increased trading volume</a> for GameStop shares.
Price Action: GameStop&#8217;s stock closed at $20.64 on Wednesday, down 11.98%. In after-hours trading, the stock fell a further 1.02%. Year to date, GameStop&#8217;s stock has risen 23.82%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40810893/nvidia-alphabet-and-2-other-stocks-executives-are-selling?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia, Alphabet And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Jim Cramer Agrees GameStop Should Consider Operating As A Bank And Labels The Meme Stock As 'Massively Overvalued' SPAC

Wall Street witnessed a broad sell-off on Wednesday, except for the tech sector, as investor optimism over disinflation progress cooled following a <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40812986/inflation-slows-to-2-5-in-august-lowest-rate-since-february-2021-core-index-remai">mixed August inflation report.</a>
The Consumer Price Index (CPI) rose 2.5% year-over-year, slightly below the 2.6% estimate and down from July&#8217;s 2.9%, marking the slowest pace of inflation since February 2021. The bulk of this decline came from energy-related categories.
However, core inflation — excluding the more volatile components like food and energy — rose 0.3% month-over-month, surpassing expectations of 0.2%. The annual core CPI remained at 3.2%, reflecting persistent inflation in service-related sectors.
A key driver of inflation continues to be shelter costs, which rose 0.5% from the previous month—the sharpest increase since January — and account for nearly a third of the total CPI.
The report dashed hopes for a Federal Reserve rate cut in the upcoming meeting. Market expectations for a 50-basis-point cut plummeted to just 13%, down from 34% the day before, as per CME FedWatch. 
The inflation data gave the U.S. dollar a lift and nudged Treasury yields higher across the board. Sectors most sensitive to interest rates, such as real estate, materials and financials, led the sell-off.
In contrast, tech stocks defied the broader market slump, driven by strong gains in the semiconductor space. 
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surged 4.5%, buoyed by the market's reaction to the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40817347/donald-trump-lost-debate-to-kamala-harris-will-lose-ground-in-the-polls-polymarket-traders">latest U.S. presidential debate</a> between Vice President Kamala Harris and former President Donald Trump. 
The two candidates engaged in a back-and-forth about <a href="https://www.benzinga.com/general/politics/24/09/40731719/goldman-sachs-kamala-harris-victory-bodes-well-for-us-economy-trump-tariffs-will-drive-up-inflat">tariffs on goods</a>, which would impact inflation and the chipmaking industry.
Solar stocks also rallied, with the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) jumping over 4%, as the prospect of a Harris administration increased <a href="https://www.benzinga.com/markets/equities/24/09/40817317/solar-shares-climb-as-harris-gains-momentum-post-debate-against-trump-7-top-gainers-in-clean-ene">optimism for renewable energy policies.</a> First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) was the top performer within the industry, jumping over 12%. 
Elsewhere, gold remained flat, while oil prices rebounded over 2% after Tuesday&#8217;s sell-off. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped more than 2%.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,865.96</td>
<td>0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,476.37</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,092.21</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,436.47</td>
<td>-0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091124&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.3% lower to $547.10.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.7% to $405.59.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.2% higher to $459.93.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.4% to $207.30.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 0.9%. The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) was the laggard, down 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Lithium-related stocks surged on Wednesday after reports of production disruptions in China sent the price of the commodity climbing. Albemarle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), one of the world&#8217;s largest lithium producers, rallied 9.7% on the news.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) surged 8.6% to $93.63 after Bank of America analyst Omar Dessouky reiterated a Buy rating and raised the price target from $100 to $120.</li>
<li>Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) rallied 8.1% amid bullish remarks from Bank of America analyst John Murphy, CFA who expects the Gravity SUV to get a large total addressable market.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) tanked 13.8% as revenue missed expectations last quarter. </li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) plummeted 12.8% in reaction to the presidential debate. </li>
</ul>
Now Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40816734/gamestop-analyst-says-retailer-could-close-all-stores-operate-as-bank-to-manage-los">GameStop Analyst Says Retailer Could Close All Stores, Operate As Bank To Manage Losses</a></li>
</ul>
Image: Shutterstock

Earnings

Macro Economic Events

Mid Cap

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Commodities

Small Cap

Economics

Federal Reserve

ETFs

SPDR Dow Jones Industrial Average ETF Trust

FSLR

LCID

NVDA

XLRE

Stocks Fall As Inflation Data Chills Rate-Cut Excitement, Chipmakers, Solar Sector Soar On Harris-Linked Boost: What's Driving Markets Wednesday?

GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares are moving lower on Wednesday after the company reported a revenue miss for the 2024 fiscal year <a href="https://www.benzinga.com//node/40803991">second quarter</a>.
What Happened: The company reported revenue of $798 million missing analysts estimate of $895.67 million. 
The company reported $451.2 million from Hardware and Accessories, $207.7 million from Software and $139.4 million from Collectibles.
In addition, the company reported EPS of four cents beating analysts estimate of a loss of 1 cent per share. GameStop also reported net income of $14.8 million as well as cash and cash equivalents of $4.204 billion.
Analyst Change: Following the earnings report, Wedbush analyst Michael Pachter maintained a Underperform rating on GameStop and lowered his price target from $11 to $10.
How To Buy GameStop Shares
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)'s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
Related Link: <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40812986/inflation-slows-to-2-5-in-august-lowest-rate-since-february-2021-core-index-remai">Historic Inflation Data Hits Lowest Level Since February 2021 — But One Segment Remains Stubbornly High (UPDATED)</a>
GME Price Action: At the time of publication, GameStop stock is moving 14.8% lower at $20, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: GameStop illustration via Shutterstock.

What's Going On With GameStop Shares Wednesday?

A GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) analyst is questioning why the video game retailer is trading at a premium to its cash as it works through managing operating losses, but provided no strategy in its<a href="https://www.benzinga.com/news/earnings/24/09/40803991/gamestop-q2-earnings-highlights-revenue-miss-eps-beat-cash-update-and-more"> second-quarter earnings report.</a>
The GameStop Analyst: Wedbush analyst Michael Pachter reiterated an Underperform rating on GameStop and lowered the price target from $11 to $10.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40777247/gamestop-q2-earnings-preview-analyst-estimates-return-to-profitability-in-focus-wil">GameStop Q2 Earnings Preview: Analyst Estimates, Return To Profitability In Focus — Will Investors Get Update On Cash Plans?</a>
The Analyst Takeaways: The video game retailer shows a sequential improvement to profit in the second quarter, Pachter said.
The analyst is skeptical of GameStop's future with a lack of strategy or concern for shareholders.
"While we admire GameStop's ability to manage operating losses, we think it would be just as reasonable for management to close all of its stores and operate as a bank," Pachter said.
GameStop has around $10 per share in cash and shares trade for roughly two times that figure, Pachter added.
"Without a hint of any strategy that would reasonably deploy capital, we do not see why shares trade at 2x cash."
The video game retailer announced accelerated store closures, but without more commentary on strategy, Pachter said the company is "no longer beholden to shareholder interests."
Pachter said the store closures will result in further revenue declines and could also hurt profitability.
GameStop faces headwinds of the shift of physical video games going digital, declining video game sales, growth of subscription services and hardware sales declining, the analyst added.
"GME shares trade at a level that ignores the company's many challenges ahead."
The $10 price target from Pachter covers the cash level of the company. The analyst once had a $1.50 price target before cash raises with the company viewed with short-term bankruptcy risks.
"Without any indication that the company plans a turnaround, we remain reluctant to assume that it can and will. Instead, it appears to be moving further away from any shareholder accountability."
GME Price Action: GameStop stock is down over 14.7% to $20.03 at last check on Wednesday versus a 52-week trading range of $9.95 to $64.83. GameStop shares are up 25% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/08/40630875/gamestop-converts-stores-to-retro-retailers-to-help-gamers-find-old-nintendo-sega-game-boy-playsta">GameStop Converts Stores To Retro Retailers To Help Gamers Find Old Nintendo, Sega, Game Boy, PlayStation, Xbox Consoles</a></li>
</ul>
Image: Shutterstock

Analyst Color

Price Target

Reiteration

Analyst Ratings

GameStop Analyst Says Retailer Could Close All Stores, Operate As Bank To Manage Losses

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Ascendiant Capital raised the price target for Atossa Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOS#NASDAQ">ATOS</a>) from $6.25 to $6.5. Ascendiant Capital analyst Edward Woo maintained a Buy rating. Atossa Therapeutics shares gained 7.4% to close at $1.46 on Tuesday. <a href="https://www.benzinga.com/quote/atos/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut the price target for Novartis AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) from $135 to $130. B of A Securities analyst Graham Perry downgraded the stock from Buy to Neutral. Novartis shares fell 0.2% to close at $116.99 on Tuesday. <a href="https://www.benzinga.com/quote/NVS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods raised Camden National Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NYSE">CAC</a>) price target from $40 to $41. Keefe, Bruyette &amp; Woods analyst Damon Delmonte maintained a Market Perform rating. Camden National shares fell 0.3% to close at $37.78 on Tuesday. <a href="https://www.benzinga.com/quote/CAC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler cut Supernus Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUPN#NASDAQ">SUPN</a>) price target from $41 to $36. Piper Sandler analyst David Amsellem downgraded the stock from Overweight to Neutral. Supernus Pharmaceuticals shares fell 1.2% to close at $33.49 on Tuesday. <a href="https://www.benzinga.com/quote/SUPN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised the price target for AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) from $100 to $120. B of A Securities analyst Omar Dessouky maintained a Buy rating. AppLovin shares fell 0.1% to close at $86.23 on Tuesday. <a href="https://www.benzinga.com/quote/APP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel boosted Krystal Biotech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRYS#NASDAQ">KRYS</a>) price target from $204 to $220. Stifel analyst Dae Gon Ha maintained a Buy rating. Krystal Biotech shares fell 1.4% to close at $185.00 on Tuesday. <a href="https://www.benzinga.com/quote/KRYS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital cut Dave &amp; Buster&#8217;s Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) price target from $65 to $55. BMO Capital analyst Andrew Strelzik maintained an Outperform rating. Dave &amp; Buster&#8217;s shares fell 0.8% to close at $29.86 on Tuesday. <a href="https://www.benzinga.com/quote/PLAY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush cut the price target for GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) from $11 to $10. Wedbush analyst Michael Pachter maintained an Underperform rating. GameStop shares fell 3.3% to close at $23.45 on Tuesday. <a href="https://www.benzinga.com/quote/GME/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities boosted Academy Sports and Outdoors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) price target from $60 to $63. Truist Securities analyst Joseph Civello maintained a Buy rating. Academy Sports shares gained 5.2% to close at $55.38 on Tuesday. <a href="https://www.benzinga.com/quote/ASO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital cut Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) price target from $525 to $510. BMO Capital analyst Andrew Strelzik maintained an Outperform rating. Domino&#8217;s shares fell 0.8% to close at $416.77 on Tuesday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying DPZ stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="534" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11090617/image-87-1024x534.png" alt="" class="wp-image-542314" style="width:481px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11090617/image-87-1024x534.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11090617/image-87-300x156.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11090617/image-87-768x400.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/11090617/image-87.png 1276w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Pre-Market Outlook

ATOS

KRYS

PLAY

SUPN

Domino's Pizza To $510? Here Are 10 Top Analyst Forecasts For Wednesday

Wedbush analyst Michael Pachter maintains GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) with a Underperform and lowers the price target from $11 to $10.

Wedbush Maintains Underperform on GameStop, Lowers Price Target to $10

BCTX: 143% &#x7C; <a href="https://www.benzinga.com//node/40812695">BriaCell Announces Phase 2 Data Showing Median Overall Survival Of 15.6 Months In Bria-IMT Study For Metastatic Breast Cancer, Comparing Favorably To 6.7-9.3 Months In Literature; No Drug-Related Discontinuations, And Ongoing Phase 3 Study Investigating Bria-IMT</a>
&nbsp;
GME: -13% &#x7C; <a href="https://www.benzinga.com//node/40811791">GameStop shares are trading lower following a Q2 revenue miss.</a>
&nbsp;
PLAY: 15% &#x7C; <a href="https://www.benzinga.com//node/40811554">Dave &amp; Buster's Entertainment shares are trading higher after the company reported better-than-expected Q2 EPS results.</a>

BCTX

Market-Moving News for September 11th

U.S. stock futures were lower this morning, with the Dow futures falling around 150 points on Wednesday.
Shares of GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell sharply in today's pre-market trading<a href="https://www.benzinga.com/news/24/09/40809198/gamestop-shares-tumble-11-in-premarket-whats-behind-the-sudden-drop"> following second-quarter results.</a>
GameStop reported second-quarter net sales of $798.0 million, which missed a Street consensus estimate of $895.7 million, according to data from Benzinga Pro. The company reported a profit of 1 cent per share, beating a Street consensus estimate of a loss of 9 cents per share.
GameStop shares dipped 10.5% to $20.98 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Rentokil Initial plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTO#NYSE">RTO</a>) shares fell 17.6% to $26.02 in pre-market trading.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares declined 16% to $15.65 in pre-market trading after gaining 3% on Tuesday.</li>
<li>Relay Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) shares dipped 11.9% to $7.93 in pre-market trading. Relay Therapeutics priced its $200 million public offering of 28,571,429 common shares at $7/share.</li>
<li>CTO Realty Growth, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTO#NYSE">CTO</a>) fell 7.6% to $19.54 in pre-market trading after gaining over 8% on Tuesday.</li>
<li>The GEO Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) shares declined 7.2% to $12.50 in pre-market trading.</li>
<li>EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) shares fell 6.1% to $3.82 in pre-market trading after adding over 5% on Tuesday.</li>
<li>Rollins, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROL#NYSE">ROL</a>) shares declined 6.1% to $48.00 in pre-market trading.</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) fell 5.5% to $2.90 in pre-market trading after reporting second-quarter results.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/news/24/09/40792510/jim-cramer-says-aes-is-very-inexpensive-recommends-buying-this-industrial-stock"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40792510/jim-cramer-says-aes-is-very-inexpensive-recommends-buying-this-industrial-stock">Jim Cramer Says AES Is &#8216;Very Inexpensive&#8217;, Recommends Buying This Industrial Stock</a></li>
</ul>

EVGO

RLAY

WOOF

GameStop Reports Weak Sales, Joins Petco, Relay Therapeutics And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

GameStop shares are trading lower following a Q2 revenue miss.

Index futures are sporting caution early Wednesday as the market prepares to receive the all-important August consumer price inflation report. Vice President Kamala Harris is widely considered as the <a href="https://dash.parsely.com/benzinga.com/posts/uvH2BRT1nTC-trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as/?minutes=10">winner of the presidential debate </a>held between her and Republican candidate Donald Trump late Tuesday, and this could prove to be slightly market-negative, given the former president is viewed as market-friendly. That said, there are specific sectors that could capitalize on the outcome, including green energy stocks.
The major market-moving catalyst for the day, however, is going to be the August consumer price inflation report, which along with Thursday&#8217;s producer price inflation report could be key inputs the Federal Reserve will look into as they make their interest rate decision following the conclusion of a two-day Federal Open Market Committee meeting next Wednesday. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.31%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.28%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.37%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.55%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved down 0.25% to $547.50 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.29% to $457.35, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed Tuesday&#8217;s session on a mixed note as risk aversion perked up following Oracle Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) strong results and the implication it had for the artificial intelligence trades. The major averages started on a firm footing but lost their momentum mid-way through, as they dipped below the unchanged line by the mid-session.
 The mid-session weakness stemmed from a pullback in financial stocks after JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) gave a muted outlook at an industry conference. Energy stocks also served as drags after the WTI-grade crude oil futures plunged over 4%.
Stocks, however, staged a strong recovery, with the Nasdaq Composite and S&amp;P indices closing higher for the second straight day, while the Dow Jones Industrial Average settled modestly lower.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.84%</td>
<td>17,025.88</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.45%</td>
<td>5,495.52</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.23%</td>
<td>40,736.96</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.02%</td>
<td>2,097.44</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Fund manager Louis Navellier said in a note to clients that he expects a positive CPI report for August, premising his expectation on the shelter costs potentially continuing to moderate. He also looks ahead to a favorable producer price inflation report on Thursday as wholesale service and good costs have been soft. As a result, he expects Treasury yields to move lower.
The slower pace of the PPI inflation than the CPI inflation is due to the fact that the U.S. continues to import deflation from China, he said.
A strategist said there could be a bit of pullback, given the market is in a seasonally weak period and it is the election year. Fund Strat Global Head of Technical Strategy Mark Newton said given the fact that sentiment is not as optimistic as he would want to see, it&#8217;s going to be a hiccup. Weighing in on the headwinds, he noted that the current presidential election is highly contentious and divisive and there are two wars overseas. &#8220;Earnings though have been remarkably good and the stock market itself has been good,&#8221; he noted.
&#8220;I do suspect we probably pull back a little bit further even over the next week you can&#8217;t rule that out. So maybe to 53 and change uh then I think we probably start to turn higher after the Fed meeting,&#8221; he said.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Bureau of Labor Statistics is due to release the consumer price inflation report for August at 8:30 a.m. EDT. The consensus expectations are as follows:
<ul>
<li>CPI (m-o-m): 0.2%, flat with the July rate</li>
<li>CPI (y-o-y): 3.2%, flat with the July rate</li>
<li>Core CPI (m-o-m): 0.2%, flat with the July rate</li>
<li>Core CPI (y-o-y): 2.5%, down from 2.9% in July</li>
</ul>
</li>
<li>The Energy Information Administration will release the weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Treasury will auction 10-year notes at 1 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell about 9% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results. and Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) declined over 3.50%, also in reaction to earnings.</li>
<li>Oxford Industries, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) is scheduled to announce its <a href="https://www.benzinga.com/calendars/earnings">quarterly results after the market close.</a></li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) plunged over 15% as the company&#8217;s owner Donald Trump&#8217;s standing in the poll was diminished after the presidential debate that was held late Tuesday.</li>
<li>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) weighed in on crypto-linked stocks such as MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rebounded strongly in early New York trading and safe haven gold held up above the $2,550 level. Bitcoin fell sharply after the presidential debate and traded down to $56.5K, as pro-crypto candidate Trump is widely believed as the loser of the face-off.
The 10-year Treasury note yield dipped 2.2 basis points to 3.622% after it dropped to its lowest level in more than a year on Tuesday (intraday).
Asian stocks fell across the board, led by the Japanese market, which weakened in reaction to the yen&#8217;s strength. Apprehension ahead of the U.S. inflation data also kept sentiment muted in the region. The European markets are seeing modest strength, although the U.K. market was slightly weaker amid the release of a slew of soft domestic economic data.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40809746/peter-schiff-raises-specter-of-early-august-like-collapse-in-risky-assets-as-dollar-falls-to-wor">Peter Schiff Raises Specter Of Early August-Like Collapse In Risky Assets As Dollar Falls To Worst Level In 9 Months Against Yen</a></li>
</ul>
Photo: Lucky Photographer via Shutterstock

Futures

Previews

COIN

MSTR

ORCL

Wall Street Poised For Pullback Ahead Of August CPI Data: Strategist Says Further Dip Likely Before Rally Resumes Following Next Week's Fed Meeting

Nasdaq, S&P turn up in volatile trade as investors digest smaller chance of big rate cut

Nasdaq, S&P, Dow end volatile session higher as investors absorb odds of smaller rate cut

GameStop fundamentals are not looking good, but cash reserves make the company's transformation potential high.

GameStop: Where Do We Go From Here?

GameStop ($GME), a brick-and-mortar video game retailer and infamous meme stock, saw its share price plunge after reporting second-quarter financia...

GameStop's $4B Cash Pile May Distract Investors from Its Problems

Trending stocks this week as market bounces back from selloff

Should Trump Sack NASDAQ And Switch DJT To The NYSE?

GameStop drops below $20 as investors wait for a Ryan Cohen twist

Video game retailer GameStop's ($GME) CEO Ryan Cohen has been slapped with a fine of almost $1 million by the Federal Trade Commission (FTC) to set...

GameStop CEO Slapped with $1M Fine over WFC Stock Purchase

Did Anyone Notice GameStop Reinvented Itself On The Latest Kitty Call? (Rating Upgrade)

'No pain, no gain,' just look at stocks that jumped nearly 1,000% in a 5-year time span

ASTS

BKNG

BYON

CHWY

CLSK

DXCM

ISRG

LRCX

MARA

MRNA

NFLX

PLTR

RIOT

SIRI

SMMT

TSLA

UBER

Screenshot 2024-07-29 at 5.41.27 PM

CBOE

How Gamification Can Mislead Traders Into Potentially Reckless Trading

Screenshot 2024-07-23 at 6.20.14 PM

Frog-Themed Apu Apustaja (APU) Token Wins Over Crypto Market Community With Positive Blockchain Mission

Screenshot 2024-06-17 at 6.11.57 PM

Fintech news covering the emerging Financial Technology services sector

Fintech

BBBYG

Retail Trading Is Booming But Which Platform Is The Best For Investors?

Screenshot 2024-05-29 at 5.51.34 PM

KOSS

The Meme Stock Revival Saw GameStop (NYSE: GME) Shares Surge Above 120%: VantagePoint&#39;s A.I.-Driven Forecasting Software Saw It Coming A Week Earlier

Screenshot 2024-03-15 at 9.25.16 PM

DLMI

HOOD

HSBC

Amid The Frenzy Around Bitcoin Prices, Another Revolution Is Quietly Taking Place Led By Companies Like DLMI: The Tokenization Of Real Estate Assets

Press Releases

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against CAE, Maxeon, GameStop, and MongoDB and Encourages Investors to Contact the Firm

GameStop Announces Release Date for Second Quarter Fiscal 2024 Results

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against CAE, GameStop, and MongoDB and Encourages Investors to Contact the Firm

GameStop Discloses Second Quarter 2024 Results

MAXN

Best Buy Co

Smart Share Global Limited - American Depositary Shares

Smart Share Glb

Newegg Commerce

ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares)

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

GameStop

GameStop (GME) Forecast

GameStop (NYSE:GME) Stock, Quote.Headers.trade-ideas