U.S. stocks settled higher on Thursday as investors digested recent hawkish comments from Fed officials. Markets are now expecting the Fed to increase interest rates by 75 basis points at this month's policy meeting. Data released Thursday showed jobless claims dropping to a three-month low last week.
GameStop Corporation (NYSE: GME) printed its second-quarter earnings on Wednesday after the close, and while the gaming retailer beat analyst estimates, the total number of shares directly regi
GameStop Corp (NYSE: GME) shares are trading higher Thursday morning after the company reported earnings results that came in above analyst estimates. The company also announced a partnership with FTX US.
Shares of several companies in the broader retail sector, including GameStop Corp. (NYSE: GME), are trading higher amid overall market strength after the Federal Reserve announced it would raise the key interest rate by 50 basis points.
A whale with a lot of money to spend has taken a noticeably bullish stance on GameStop. Looking at options history for GameStop (NYSE:GME) we detected 62 strange trades.
GameStop (NYSE:GME) has outperformed the market over the past 15 years by 2.09% on an annualized basis producing an average annual return of 9.18%. Currently, GameStop has a market capitalization of $9.47 billion.
Someone with a lot of money to spend has taken a bearish stance on GameStop (NYSE:GME). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
