GameStop (GME) Holiday Comps Increase 11.8%, Updates FY Guidance
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Bearish Options Flow in GameStop (GME) Targets 7% Downside in Shares by Mid-April Following Last Week's 10% Decline on Disappointing Holiday Sales -Susquehanna
January 16, 2018 2:46 PM ESTSusquehanna options strategist Alison Edwards notes bearish options flow in GameStop (NYSE: GME), as an opening investor purchased 8000 April 19 Puts for $2.20 to $2.30, targeting 7% downside in the shares, by mid-April. The shares fell 10% last week on news of negative holiday sales figures.
GameStop (GME) PT Lowered to $22.50 at Wedbush
January 16, 2018 6:33 AM ESTWedbush lowered its price target on GameStop (NYSE: GME) to $22.50 (from $25.00) while maintaining an Outperform rating following holiday sales results.
Analyst Michael Pachter expects GameStop shares to trade at a compressed EPS multiple until the company can slow the rate of decline in its core video game business.
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