SunTrust believes that GameStop's Q4 results were solid, while the company's guidance miss was mostly caused by foreign exchange fluctuations and an overly conservative share count assumption. The firm thinks the company's software growth can rebound this year, while its market share is at histrionically high levels. It recommends buying the stock aggressively.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
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Pre-earnings options volume in GameStop is 1.8x normal with calls leading puts 3:1. Implied volatility suggests the market is anticipating a move near 19.8%, or $2.99, after results are released. Median move over the past eight quarters is 10.3%.