GameStop Shares Up 0.16% to $22.00
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Moderately bullish activity in GameStop (GME), with shares up 4c, or 0.16%, near $22.00. Options volume relatively light with 121k contracts traded and calls leading puts for a put/call ratio of 0.13, compared to a typical level near 0.21. Implied volatility (IV30) dropped 1.52 near 46.88,and below the 52wk median, suggesting an expected daily move of $0.65. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: GameStop (GME) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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Analyst Views on GME
About GME
GameStop Corp. offers games and entertainment products through its stores and ecommerce platforms. The Company operates in four geographic segments: United States, Canada, Australia and Europe. Each segment consists primarily of retail operations, with the significant majority focused on games, entertainment products and technology. The Company has a total of approximately 3,203 stores across all of its segments: 2,325 in the United States, 193 in Canada, 374 in Australia, and 311 in Europe. Its stores and ecommerce sites operate primarily under the names GameStop, EB Games and Micromania. Its Australia and Europe segments also include 38 pop culture-themed stores selling collectibles, apparel, gadgets, electronics, toys and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. Its retail stores are generally located in strip centers, shopping malls and pedestrian areas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Funding Strategy: GameStop plans to leverage its $9.4 billion cash and liquid investments, along with a financing letter from TD Securities for up to $20 billion in debt, to support this massive e-commerce acquisition, reflecting strong confidence in the deal.
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