GameStop (NYSE:GME) stock is a hot topic among traders on Tuesday as they prepare for the company’s earnings report after markets close.
Investors are excited about the prospect of a positive earnings report from the video game retail company. If that happens, traders will likely see shares of GME stock undergo a short squeeze. That would make sense, as the stock is a fan favorite with meme investors.
Of course, GameStop could miss its earnings report, which wouldn’t do GME stock any favors. If that scenario plays out, it only makes sense that shares of the company’s stock would fall. Especially after investors have pushed it higher today.
What to Expect From GME Earnings
Investors looking for specific details from the earnings report will watch for its EPS and revenue. Wall Street is looking for GameStop to report a loss of 13 cents per share alongside revenue of $2.18 billion in the upcoming report.
GME stock’s movement today has some 1.6 million shares changing hands as of this writing. That’s below the company’s daily average trading volume of about 4.4 million shares. Even so, shares are rising 4.9% as of Tuesday morning. Investors will keep in mind that GME is only up 2.9% since the start of the year, however.
There’s even more stock market news traders will want to know about below!
We’ve got all of the hottest stock stories investors need to know about for Tuesday! Among that is what has shares of Nio (NYSE:NIO), Tesla (NASDAQ:TSLA) and First Republic (NYSE:FRC) stock moving today. You can read up on all of that news at the following links!
More Tuesday Stock Market News
- Dear NIO Stock Fans, Mark Your Calendars for March 28
- Why Is Tesla (TSLA) Stock Up Today?
- FRC Stock: Why RBC’s Gerard Cassidy Is Betting Big on First Republic Bank
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
