GameStop Options Traders See Stock Surging Through End Of July
Portfolio Pulse from Lisa Levin
GameStop Corp. (NYSE:GME) shares recorded gains on Tuesday, with the stock rising over 34% this year. Options traders expect the stock to continue rallying through the end of July. Ryan Cohen bought 443,842 shares of GameStop’s stock last month at an average price of $22.53 per share.
July 19, 2023 | 12:51 pm
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GameStop's stock is expected to continue its rally through the end of July. The stock has already risen over 34% this year.
The news indicates a positive sentiment among options traders towards GameStop's stock, which could potentially drive the stock price up in the short term. The fact that Ryan Cohen, a significant figure in the company, bought a large number of shares last month also adds to the positive sentiment.
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