Baird said they expect in-line Q2 results for GameStop, as it is typically a seasonably soft quarter. The firm expects pre-owned trends to improve with a cyclical increase in volume of new-gen trade-ins and they remain constructive on pullbacks into the stronger second half releases. Baird reiterated its Outperform rating and $50 price target on GameStop shares ahead of its earnings report, which is due after tomorrow's close.
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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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Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSnCino (NCNO) up... To see the rest of the story go to thefly.com. See Story Here
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%.