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GameStop Corp (Extended Hours)

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GME trade ideas

GameStop adds $800+ million in fresh capitalAt one point this week, GameStop was up some 265% from Monday to Wednesday. That's 48 hours of trading, up 265%, and on rather large sums of volume at a $10+ billion market cap. This is real money, fast money and that's why it's hard to ignore such price action. While many traders made and lost money on this hype trade, there is one group that played it brilliantly: GameStop itself. Once the dust had settled, GameStop announced a new shelf offering to sell some its share to add cash to its balance sheet. How much cash? They now have the right to sell up to 45 million shares and at $20 per share, that's $800,000,000 in new capital to shore up its balance sheet. $800 million. If the shares go back on the move, that number could easy go back above $1 billion. So who won after the frenzy was over? GameStop. Their balance sheet is about to get that much stronger with the latest cash infusion.
NYSE:GME
by scheplick
2
GME The Bull Case it's starting to feel a little Squeeze!There exists a short term and long term bullish case for GameStop. Fuelled by the last short squeeze this company has a strong cash position thanks to investors buying up new share issues and is poised to begin turning a profit in its retail division thanks to store closures. Patience may be required to see these consolidations begin to take effect and the company is likely to post another loss during earnings season. Potentially 70% of the float are currently being held by insiders, institutions and a community of angry APES who refused to go away. One source says this community of Apes has switched shares to the Direct Ownership category effectively blocking 28% of the float from the hands of the short sellers. Yet, for some reason as of the end of April short interest was 27.73% of the float. This development if true is unbelievable. What we might be witnessing with substantial increases in volume the past few weeks is the beginning of round 2 of this David vs Goliath battle. Unable to yield to the power of the community these brazen hedge fund managers have set themselves up to be taken down yet again. If the bullish falling wedge breakout indicated by the circle plays out we’re about to see a spike higher soon. I’m in and it’s on like Donkey Kong!
NYSE:GMELong
by WavesPatternsCandlesIndicators
2
GameStop’s Stock Price Plunges About 20% After Meme Stock Surge GameStop's stock ( NYSE:GME ) price dropped about 20% after a meme stock surge by investor Keith Gill. The company announced plans to sell new shares and lower its sales forecasts, causing the stock to fall back to Earth. GameStop ( NYSE:GME ) now expects first-quarter sales to range between $872 million to $892 million, significantly lower than the $1.24 billion it made in the same quarter last year and below analyst estimates of $1 billion. The video game sector has lost steam since the start of the pandemic, and there are no near-term catalysts in sight for GameStop ( NYSE:GME ). Analysts believe that the issuance of new shares makes sense, as it raises the company's cash reserves while sales continue to fall. However, they remain pessimistic about its long-term future. Michael Pachter of Wedbush believes that GameStop ( NYSE:GME ) cannot "save its way to prosperity" and expects the mix of software sales to continue to shift to digital and away from physical. He believes that GameStop ( NYSE:GME ) will see continuing sales declines next year as well, and the company must deploy its cash productively or hope to issue more shares at elevated levels to forestall the inevitable. The surge in GameStop shares ( NYSE:GME ) came after Gill resurfaced online, posting an image of a man sitting forward in his chair, a meme that gamers often use when things get serious. Since the earnings preannouncement by GameStop ( NYSE:GME ) and the company's decision to sell additional shares, he has posted 17 additional memes, indicating he plans to continue supporting the company.
NYSE:GME
by DEXWireNews
6
$GME: Where to Next? $100? 🚀Hi everyone, Here's a quick update on $GME. We started yesterday at $64.74 and dropped sharply to $31.11 but managed to hold the 0.382 Fibonacci level. If GME can break above the 0.236 level at $41.72, we could quickly rise to $64, potentially closing the gap at $74 and even reaching as high as $100+. Our MTTSA indicator predicts a significant upward movement, as the daily is about to cross the monthly. Downside targets: If we lose the 0.382 level, the next target is the 0.5 Fibonacci level. If the price falls and closes below the hourly on the MTTSA indicator, expect it to seek support at $25.42. There's also very strong support at the monthly level alongside the 0.618 Fibonacci level. Conclusion: GME has been making higher highs and higher lows. As long as it stays above the $31.72 level (0.382 Fib), this uptrend should continue. With the daily set to cross above the monthly, we anticipate a significant rally—similar to the impact seen when the hourly crossed the monthly.
NYSE:GMELong
by SierrasTrades
GME: Continues To Hold the Bullish 0.886 Position and 200-SMAThis is a little bit of an update and reminder that GME is still holding above the 0.886 retrace and the 200-month Simple Moving Average with Hidden Bullish Divergence within a Falling Wedge. We've held this level for months and it still appears that it can Bullishly Breakout of the wedge at any time, which should lead to some extreme upside between $60, all the way up to 134.77. But given how long it's been I'd say on a shorter term timeframe basis, just to be safe, $25 would be the first profit taking target. It is also worth noting that on the monthly GME confirmed a Bullish Morning Star after the test of the 200-Month Moving Average.
NYSE:GMELong
by RizeSenpai
1
#GAMESTOP IS NOT GOING TO STOP!GameStop Corp (#GameStop) video game store chain shares soared by 46% during Monday's trading on the New York Stock Exchange (NYSE), reaching $25 . The surge didn't stop there, as on Tuesday the price reached up to $60 per share! Wednesday opened with a sudden downward gap, but by the end of the session, the price confidently recovered to $40. What will happen today? The rollercoaster ride repeats itself with this stock after the sudden return to social media by YouTube streamer Keith Gill, known as Roaring Kitty. He posted a mysterious message on the X service (formerly Twitter), showing that he's always in the know. Gill's post garnered over 8 million views within hours of its late Sunday posting, marking his first post on the account since June 2021. The surge in stock prices led to a so-called "short squeeze" - a situation where investors betting against the stock and opening short positions are forced to buy stocks as their prices unexpectedly rise, contrary to their expectations. This situation further fueled the rise in shares, which appreciated by hundreds of percent. As a result, funds betting against the company's stocks lost billions of dollars. Giacomo Pierantoni, Head of Data at Vanda Research, stated that the overwhelming majority of demand for shares now comes from retail investors. It seems that, as in January 2021, investors are betting against those shorting GameStop Corp (#GameStop) shares, notes MarketWatch.
NYSE:GME
by Fresh-Forexcast2004
1
GameStop short squeeze again?There’s a potential gap fill at the open on Monday below, but there’s also 2 gaps above current levels. A head and shoulders top breakout suggests the PTB are likely to quickly mount a pullback to pre Monday gap levels… with 20% short interest if enough retail players get onboard again we could see another round of squeeze and hedge fund blow ups. The falling wedge seen needs to breakout for the squeeze scenario to have a shot at playing out. It’s unbelievable that the shorts are back on this stock and have been called out again by Roaring Kitty.
NYSE:GMELong
by WavesPatternsCandlesIndicators
6
GME: History Repeats Itself | 61.54% Potential ReversalGamestop Corp (GME) has been a hot topic in the financial markets, and it seems history might be repeating itself. After a significant drop, GME has shown signs of a potential reversal, with technical probabilistic indicators are suggesting a bullish trend. In this trade idea, I will analyze the current market conditions, key levels to watch, and a potential entry and exit strategy for GME. Key Points: GME has experienced a considerable decline in recent months, which may be attributed to market volatility and investor sentiment. My FREE OrderFlow indicator is indicating a bullish trend may be on the horizon. This probability analysis suggests price rejection at the 0.5 level, which could serve as a potential entry point. The 30m buyside liquidity level could act as a potential target for short-term target while the 1W buyside liquidity acts as long term target at $120. Entry: Wait for confirmation of a bullish reversal, such as a break above the 0.5 Fibonacci retracement level or a strong bullish candle on the 30m chart. Set a stop-loss order below the recent sellside liquidity on 30m. Exit: Consider using a trailing stop-loss to protect profits as the trade progresses. Risk Management: Ensure that the trade size is appropriate for your account size and risk tolerance. Use proper position sizing to manage risk effectively. Monitor the trade and be prepared to exit if the market conditions change or the trade setup fails. Please note that this is not financial advice and should be used for educational purposes only. Always conduct your own research and analysis before making any trading decisions.
NYSE:GMELong
by Fractalyst
Will Gamestop's ascent continue?If you would like to be notified whenever I post a new article, just click “FOLLOW” at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help. Will Gamestop's ascent continue? After being dormant for a long time, the meme title craze is back in action. GameStop (NYSE:GME) is up 100 percent this week, while AMC Entertainment (AMC) has seen even greater growth. What triggered the boom in GameStop's stock? There does not seem to have been any radical transformation in the companies involved, as they are also having a difficult time on the financial front. The key seems to have been the resurgence of Twitter activity by “Roaring Kitty.” During the original GameStop stock rally, Keith Gill, a young investor from Massachusetts, bought shares from the beginning along with other experienced investors such as Michael Burry. Gill often shared his insights on YouTube as user “Roaring Kitty.” The last time Reddit had mentioned him, Gill had shared screenshots of his investments that could have netted him $30 million if sold at the right time. More money meant more problems. Gill also faced some legal controversy and testified before Congress, but then disappeared from the radar for a while. However, last Sunday he returned to Twitter and posted some video memes that were interpreted by thousands of people as a signal to invest heavily in GME options. But another interesting factor comes into play here: last week, analysts noticed strange activity in GME's short-term options. Interactive Brokers chief strategist Steve Sosnick shared his analysis with Bloomberg. Is this just a coincidence? Or is there something more behind these actions?due interpretation is up to you. Is it worth trying to invest in these stocks? Certainly yes, but it is important to enter the market at the right time and sell after a few days to avoid losses. In the long run, what matters is fundamental analysis, and thanks to TRADINGVIEW, which is able to analyze companies, it is possible to avoid big losses by investing in poor quality stocks. TRADINGVIEW's data is clear: stocks are not doing well and therefore should be avoided for long-term investments. They are tremendously overvalued and can lead to money losses rather than gains over the long term. The likelihood of another epic rally like in 2021 is very low because the current situation is different. The short interest rate is significantly lower and the market has become more efficient, with a more savvy public tending to cash in on profits. Although GME's current financial situation is not dire, the company is experiencing a steady decline in revenues. To keep up, it will have to continue to cut costs even faster. This can be a difficult task for a retailer, as many expenses are fixed and cannot be easily reduced. GameStop's latest earnings report reflects this difficult situation and showed very negative results. Recently, I made a very good buy on Oil using TRADINGVIEW to analyze stocks in the sector. Currently, I hold positions on Bitcoin and Microsoft waiting for them to reach new all-time highs. We look forward to seeing you in the next article! And remember, for successful trading always rely on TRADINGVIEW: an indispensable tool that can help you avoid serious mistakes during your trades.
NYSE:GMEShort
by Antonio_Ferlito