Piper Jaffray views GameStop's Q1 results as strong and says the company's unchanged fiscal year outlook looks conservative. Piper maintains an Overweight rating on the stock with a $47 price target.
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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%.