Why GameStop Shares Are Rising
Portfolio Pulse from Henry Khederian
GameStop Corp (NYSE:GME) shares are trading higher by 4.90% to $25.90 Wednesday morning, possibly driven by anticipation of the company's Q1 earnings report, confirmed for Wednesday's after-hours session. Analysts project an EPS loss of 12 cents and a revenue of $1.36 billion. The stock may also be experiencing a short squeeze.
June 07, 2023 | 1:50 pm
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GameStop shares rise ahead of Q1 earnings report, with an expected EPS loss of 12 cents and $1.36 billion in revenue. The stock may also be experiencing a short squeeze.
GameStop's share price is rising ahead of its Q1 earnings report, which may indicate investor optimism. The expected EPS loss of 12 cents and revenue of $1.36 billion could impact the stock price. Additionally, the stock may be experiencing a short squeeze, with 21.41% of shares sold short, which could further drive the price up in the short term.
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