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Fly News Breaks for August 20, 2019
GME
Aug 20, 2019 | 08:20 EDT
BofA/Merrill analyst Curtis Nagle lowered his price target on Underperform-rated GameStop to $2.50 from $4. In a research note to investors, Nagle says he sees risk to earnings due to a weak title slate for the year, continued deterioration in the highly profitable pre-owned segment, and a view that a turnaround plan will take time to take hold, if at all, given GameStop's rapid decline in EBIT.
News For GME From the Last 2 Days
GME
Apr 26, 2024 | 11:25 EDT
Bullish option flow detected in GameStop with 44,913 calls trading, 1.9x expected, and implied vol increasing over 3 points to 96.82%. 4/26 weekly 11.5 calls and May-24 12 calls are the most active options, with total volume in those strikes near 7,700 contracts. The Put/Call Ratio is 0.10. Earnings are expected on June 5th.