12/24/2022 0 Comments Gme short float![]() ![]() The stock's 14-day relative strength index (RSI) of 30.9 is on the cusp of "oversold" territory. GameStop stock could be due for a short-term bounce, too. Short interest makes up 18.5% of the stock's available float, or nearly four days' worth of pent-up buying power. There is plenty of short-covering potential. Of these reports, only two of these post-earnings moves were positive - which doesn't paint a very pretty picture for GME, historically. This slump comes ahead of the company's fourth-quarter earnings report, due out after the close today, in which analysts expect earnings of 84 cents per share.Īhead of the event, the options pits are pricing in a post-earnings swing of 20.8%, regardless of direction, which is higher than the 14.1% move from the company's last eight quarters. The stock's 50-day moving average provided a stiff ceiling on the charts from mid February through early March, and still lingers above as overhead pressure. 625 WESTPORT PARKWAY GRAPEVINE TX 76051Ĭ/O OLSHAN FROME WOLOSKY LLP 1325 AVENUE OF THE AMERICAS NEW YORK NY 10019Ĭ/O GAMESTOP CORP.GameStop Corp (NYSE:GME) stock is down 1.1% at $85.87 at last check - not too far from its recent March 14 one-year low of $77.58. Executives Patel Nir VinayĬ/O GAMESTOP CORP. The technology brands segment sells wireless products and services and operates Spring Mobile managed AT&T and Cricket Wireless branded stores, along with the Simply Mac business. 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, including and The company has two main business segments: Video game brands and Technology brands. ![]() The company operates across Europe, Canada, Australia, and the United States. multichannel video game, consumer electronics, and services retailer.
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