Previous close | 10.4600 |
Open | 6.9000 |
Bid | 3.8500 |
Ask | 4.2000 |
Strike | 23.00 |
Expiry date | 2024-06-21 |
Day's range | 3.8200 - 6.9000 |
Contract range | N/A |
Volume | |
Open interest | 570 |
GameStop (GME) shares are sinking after announcing it was planning on issuing up to 45 million additional shares. The video game retailer also released preliminary first quarter results that show expected net sales to be in a range of $872 million to $892 million compared to $1.237 billion in the same quarter a year ago. In the video above, Yahoo Finance's Brad Smith and Seana Smith discuss what this move means for GameStop investors. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills discuss the state of the consumer and stock market gains following Wednesday's Consumer Price Index (CPI) print. The Dow Jones Industrial Average (^DJI) surpassed the 40,000 mark for the first time, while the S&P 500 (^GSPC) topped the 5,300 level amid broad-based market gains. Despite the rally, UBS Investment Bank Chief Strategist Bhanu Baweja joins the show to discuss why he believes markets may be due for "a reality check." Compounding the financial strain on consumers, the Energy Information Administration (EIA) reports that gas prices could increase by $0.10 this summer, prompting an examination of the state of the consumer. The show covers several trending tickers, including Deere & Company (DE), which lowered its full-year profit guidance, GameStop (GME), which experienced a slump amid the slowing meme trade frenzy, and Canada Goose (GOOS), which beat fourth-quarter profit expectations. This post was written by Angel Smith
Major stock indexes traded near the flatline near midday Friday. AMD and CrowdStrike were top gainers on the stock market today.