Gain detailed insights into the trading activity of Congress members for GameStop on our government trades page. Stay updated on how elected officials are investing in GME.

GameStop - Government Trades

GameStop

GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.

movers image

News

Intraday Update

Markets

ARQQ

BILI

HSAI

JUNS

QUBT

RGTI

RICK

RZLV

SKYT

SLQT

TEVA

TSLA

RCI Hospitality, Quantum Computing, Teva Pharmaceutical, Tesla And Other Big Stocks Moving Higher On Monday

NVDA

The WallStreetBets, also known as r/wallstreetbets or WSB, is a subreddit community that has transformed into a powerful force capable of disrupting traditional stock market dynamics.
Known for its irreverent humor and

WallStreetBets: How a Reddit Forum Shook Up Stock Market Dynamics

Stocks.Watch_.Shutterstock

Long Ideas

Trading Ideas

General

$BTC

ACHR

ARCH

COIN

CVNA

DKNG

FLUT

Hims & Hers Health, Inc. Class A Common Stock

HIMS

HOOD

LCID

MARA

MSTR

PLTR

RBLX

RDDT

RIOT

RIVN

RKLB

SMCI

SOFI

SOUN

Ritholtz Wealth Management’s Josh Brown created a new index that tracks the most popular stocks in some of the hottest themes of the market.

Josh Brown Unveils The &#39;Degen Dow,&#39; A Basket Of 30 Retail Darlings Spanning All &#39;Major Degen Food Groups&#39;

3 Stocks With Strong Fundamentals Analysts Recommend For Long-Term Success

Equities

ADBE

CADL

Gamestop, Adobe, Meta, Candel Therapeutics, And Tesla: Why These 5 Stocks Are On Investors&#39; Radars Today

Los,Angeles,,California,,Usa,-,22,May,2023:,Illustrative,Editorial

Offerings

After-Hours Center

Movers

CHWY

Chewy shares are moving lower in Wednesday&#39;s after-hours session after the company announced a public offering by a selling stockholder and a concurrent share repurchase.

Chewy Stock Slides As Investors Digest $500M Offering From Largest Shareholder

GameStop logo

GameStop Corporation (NYSE: GME) shares are trading higher Wednesday after the company released its third-quarter financial results. Here&#39;s what you need to know.

GameStop Shares Are On The Rise Wednesday: What&#39;s Going On?

Profit,,Report,,Strategy,,Financial,,Trade,,Growth,,Trader,,Chart,,Graph,,Invest.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Large Cap

Macro Economic Events

Mid Cap

Broad U.S. Equity ETFs

Small Cap

Econ #s

Economics

ETFs

AVGO

SPDR Dow Jones Industrial Average ETF Trust

GOOGL

MAGS

XLRE

An inline November inflation report unleashed a surge of bullish momentum across markets on Wednesday.

Nasdaq 100 Rallies To Record Highs, Magnificent 7 Market Cap Tops $17 Trillion, Bitcoin Soars To $100,000: What&#39;s Driving Markets Wednesday?

Palantir, Salesforce, Okta, Meta, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

DXYZ

FIGS

PDCO

PLAB

POWL

SFIX

ULCC

Photronics Posts Upbeat Results, Joins Stitch Fix, Patterson Companies And Other Big Stocks Moving Higher On Wednesday

GameStop Corp

Globus Medical, Inc. Class A Common Stock

Globus Medical Inc

GAMEE

Gambit Energy Inc

GOME ELEC APP HLDG ORD by GOME Retail Holdings Limited

GOME Retail Holdings Ltd

Good Gaming Inc

VanEck Green Metals ETF

GAMEON ENTMT TECHNOLOGIES by GameOn Entertainment Technologies Inc.

GameOn Entertainment Technologies Inc

GME INNOTAINMENT INC by GME Innotainment, Inc.

GME Innotainment Inc

GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) has outperformed the market over the past 5 years by 72.52% on an annualized basis producing an average annual return of 85.52%. Currently, GameStop has a market capitalization of $13.35 billion. 
Buying $1000 In GME: If an investor had bought $1000 of GME stock 5 years ago, it would be worth $21,311.94 today based on a price of $29.89 for GME at the time of writing.
<h3>GameStop's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734727514_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

Investors with a lot of money to spend have taken a bullish stance on GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GME, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for GameStop.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $581,850, and 7 are calls, for a total amount of $451,802.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $17.0 to $125.0 for GameStop during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for GameStop's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of GameStop's whale trades within a strike price range from $17.0 to $125.0 in the last 30 days. 
<h3>GameStop Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734537652_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$97.0</td>
<td>$96.4</td>
<td>$97.0</td>
<td>$125.00</td>
<td>$242.5K</td>
<td>4.4K</td>
<td>61</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$98.3</td>
<td>$97.0</td>
<td>$97.0</td>
<td>$125.00</td>
<td>$242.5K</td>
<td>4.4K</td>
<td>36</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$4.65</td>
<td>$4.3</td>
<td>$4.65</td>
<td>$35.00</td>
<td>$232.0K</td>
<td>1.2K</td>
<td>13</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.2</td>
<td>$2.19</td>
<td>$2.19</td>
<td>$30.00</td>
<td>$51.9K</td>
<td>23.1K</td>
<td>3.2K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$96.9</td>
<td>$96.4</td>
<td>$96.9</td>
<td>$125.00</td>
<td>$48.4K</td>
<td>4.4K</td>
<td>11</td>
</tr>
</tbody>
</table>

<h3>About GameStop</h3>
GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.
In light of the recent options history for GameStop, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of GameStop</h3>
<ul>
<li>Currently trading with a volume of 3,895,563, the GME's price is up by 0.29%, now at $31.35. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 97 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest GameStop options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Check Out What Whales Are Doing With GME

U.S. stocks were mostly higher, with the Nasdaq Composite gaining around 1% on Monday.
Shares of RCI Hospitality Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RICK#NASDAQ">RICK</a>) rose sharply during Tuesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/quote/RICK/earnings">quarterly financial results</a>.
RCI Hospitality reported quarterly earnings of $1.63 per share which beat the analyst consensus estimate of 37 cents per share. The company reported quarterly sales of $73.23 million which beat the analyst consensus estimate of $72.98 million.
RCI Hospitality shares surged 15.4% to $60.16 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) shares jumped 31.7% to $14.60 after the company announced it was awarded a prime contract by NASA to apply Dirac-3 for imaging and data processing support.</li>
<li>Akso Health Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHG#NASDAQ">AHG</a>) shares surged 25.6% to $1.47.</li>
<li>Arqit Quantum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) shares gained 21.7% to $32.20.</li>
<li>Teva Pharmaceutical Industries Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) climbed 20% to $19.82 after the company and Sanofi announced that primary endpoints were met in the Phase 2b trial of Duvakitug for ulcerative colitis and Crohn&#8217;s disease.</li>
<li>Hesai Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) gained 20% to $12.16.</li>
<li>Jupiter Neurosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JUNS#NASDAQ">JUNS</a>) gained 17.8% to $12.10.</li>
<li>SelectQuote, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) shares rose 17.3% to $3.2388.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) gained 15% to $2.4494.</li>
<li>Arqit Quantum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) rose 15% to $30.39.</li>
<li>SkyWater Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) gained 14.2% to $11.60.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) gained 11.3% to $9.38.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) gained 5.3% to $31.01.</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) rose 5% to $20.17.</li>
<li>Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) gained 4.8% to $48.08 after the company and Teva announced that primary endpoints were met in the Phase 2b trial of Duvakitug for ulcerative colitis and Crohn&#8217;s disease.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares rose 3% to $477.19 after Mizuho upgraded the stock from Neutral to Outperform and raised its price target from $230 to $515.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42528919/how-to-earn-500-a-month-from-apple-stock-4">How To Earn $500 A Month From Apple Stock</a></li>
</ul>

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$460.00</td>
<td>$72.1K</td>
<td>7.2K</td>
<td>53.7K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$125.00</td>
<td>$32.1K</td>
<td>75.0K</td>
<td>4.1K</td>
</tr>
<tr>
<td>GLBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$55.00</td>
<td>$57.8K</td>
<td>4.0K</td>
<td>485</td>
</tr>
<tr>
<td>W</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$55.00</td>
<td>$126.8K</td>
<td>543</td>
<td>310</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$200.00</td>
<td>$86.5K</td>
<td>10.2K</td>
<td>180</td>
</tr>
<tr>
<td>ADNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$20.00</td>
<td>$27.8K</td>
<td>104</td>
<td>107</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/24/25</td>
<td>$95.00</td>
<td>$30.0K</td>
<td>1</td>
<td>101</td>
</tr>
<tr>
<td>MCD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$280.00</td>
<td>$32.1K</td>
<td>726</td>
<td>20</td>
</tr>
<tr>
<td>TOL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$140.00</td>
<td>$33.2K</td>
<td>25</td>
<td>16</td>
</tr>
<tr>
<td>RH</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/27/24</td>
<td>$377.50</td>
<td>$37.1K</td>
<td>15</td>
<td>15</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on December 20, 2024. This event was a transfer of 51 contract(s) at a $460.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $72.1K, with a price of $1416.0 per contract. There were 7249 open contracts at this strike prior to today, and today 53747 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a call option sweep that happens to be bullish, expiring in 32 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $125.00 strike. This particular call needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $32.1K, with a price of $32.0 per contract. There were 75014 open contracts at this strike prior to today, and today 4174 contract(s) were bought and sold. 
• For GLBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>), we notice a call option sweep that happens to be bearish, expiring in 32 day(s) on January 17, 2025. This event was a transfer of 170 contract(s) at a $55.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $57.8K, with a price of $340.0 per contract. There were 4035 open contracts at this strike prior to today, and today 485 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a put option trade with bearish sentiment. It expires in 396 day(s) on January 16, 2026. Parties traded 86 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $126.8K, with a price of $1475.0 per contract. There were 543 open contracts at this strike prior to today, and today 310 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with neutral sentiment. It expires in 186 day(s) on June 20, 2025. Parties traded 20 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $86.5K, with a price of $4329.0 per contract. There were 10226 open contracts at this strike prior to today, and today 180 contract(s) were bought and sold. 
• For ADNT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>), we notice a call option trade that happens to be bearish, expiring in 368 day(s) on December 19, 2025. This event was a transfer of 96 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $27.8K, with a price of $290.0 per contract. There were 104 open contracts at this strike prior to today, and today 107 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bearish sentiment. It expires in 39 day(s) on January 24, 2025. Parties traded 100 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 1 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold. 
• Regarding MCD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), we observe a call option trade with bullish sentiment. It expires in 186 day(s) on June 20, 2025. Parties traded 10 contract(s) at a $280.00 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $3211.0 per contract. There were 726 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
• Regarding TOL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>), we observe a put option trade with bullish sentiment. It expires in 396 day(s) on January 16, 2026. Parties traded 16 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $33.2K, with a price of $2080.0 per contract. There were 25 open contracts at this strike prior to today, and today 16 contract(s) were bought and sold. 
• Regarding RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>), we observe a call option trade with neutral sentiment. It expires in 11 day(s) on December 27, 2024. Parties traded 8 contract(s) at a $377.50 strike. The total cost received by the writing party (or parties) was $37.1K, with a price of $4645.0 per contract. There were 15 open contracts at this strike prior to today, and today 15 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADNT

AMZN

GLBE

SBUX

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Deep-pocketed investors have adopted a bearish approach towards GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GME usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 41 extraordinary options activities for GameStop. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 12% leaning bullish and 75% bearish. Among these notable options, 33 are puts, totaling $1,459,370, and 8 are calls, amounting to $307,195.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $125.0 for GameStop over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of GameStop stands at 10342.91, with a total volume reaching 7,114.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in GameStop, situated within the strike price corridor from $15.0 to $125.0, throughout the last 30 days.
<h3>GameStop Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734114678_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$13.6</td>
<td>$13.3</td>
<td>$13.37</td>
<td>$15.00</td>
<td>$53.4K</td>
<td>5.9K</td>
<td align="right">122</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$5.2</td>
<td>$4.9</td>
<td>$5.1</td>
<td>$25.00</td>
<td>$50.9K</td>
<td>551</td>
<td align="right">106</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$98.55</td>
<td>$98.55</td>
<td>$98.55</td>
<td>$125.00</td>
<td>$49.2K</td>
<td>4.1K</td>
<td align="right">240</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$98.5</td>
<td>$98.5</td>
<td>$98.5</td>
<td>$125.00</td>
<td>$49.2K</td>
<td>4.1K</td>
<td align="right">250</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$99.25</td>
<td>$98.5</td>
<td>$98.5</td>
<td>$125.00</td>
<td>$49.2K</td>
<td>4.1K</td>
<td align="right">220</td>
</tr>
</tbody>
</table>

<h3>About GameStop</h3>
GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. GameStop sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States.
Following our analysis of the options activities associated with GameStop, we pivot to a closer look at the company's own performance.
<h3>Where Is GameStop Standing Right Now?</h3>
<ul>
<li>With a volume of 4,029,104, the price of GME is down -1.5% at $28.32. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 102 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for GameStop with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

GameStop Options Trading: A Deep Dive into Market Sentiment

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$430.00</td>
<td>$42.3K</td>
<td>17.9K</td>
<td>154.4K</td>
</tr>
<tr>
<td>LVS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$54.00</td>
<td>$42.1K</td>
<td>14</td>
<td>1.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$130.00</td>
<td>$576.0K</td>
<td>36</td>
<td>800</td>
</tr>
<tr>
<td>PENN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$22.50</td>
<td>$38.3K</td>
<td>3.2K</td>
<td>670</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$145.00</td>
<td>$70.0K</td>
<td>2.2K</td>
<td>438</td>
</tr>
<tr>
<td>RH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$400.00</td>
<td>$69.2K</td>
<td>830</td>
<td>423</td>
</tr>
<tr>
<td>DHI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$160.00</td>
<td>$176.8K</td>
<td>254</td>
<td>361</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$125.00</td>
<td>$48.9K</td>
<td>4.1K</td>
<td>303</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$80.00</td>
<td>$26.4K</td>
<td>2.4K</td>
<td>78</td>
</tr>
<tr>
<td>VAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$100.00</td>
<td>$43.0K</td>
<td>3.6K</td>
<td>73</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 252 contract(s) at a $430.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $42.3K, with a price of $168.0 per contract. There were 17962 open contracts at this strike prior to today, and today 154470 contract(s) were bought and sold. 
• For LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we notice a call option trade that happens to be bullish, expiring in 14 day(s) on December 27, 2024. This event was a transfer of 340 contract(s) at a $54.00 strike. The total cost received by the writing party (or parties) was $42.1K, with a price of $124.0 per contract. There were 14 open contracts at this strike prior to today, and today 1010 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option trade with bearish sentiment. It expires in 217 day(s) on July 18, 2025. Parties traded 800 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $576.0K, with a price of $720.0 per contract. There were 36 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold. 
• For PENN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), we notice a call option sweep that happens to be bullish, expiring in 125 day(s) on April 17, 2025. This event was a transfer of 201 contract(s) at a $22.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $38.3K, with a price of $191.0 per contract. There were 3259 open contracts at this strike prior to today, and today 670 contract(s) were bought and sold. 
• For LEN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on December 20, 2024. This event was a transfer of 369 contract(s) at a $145.00 strike. This particular put needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $70.0K, with a price of $190.0 per contract. There were 2278 open contracts at this strike prior to today, and today 438 contract(s) were bought and sold. 
• For RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>), we notice a call option sweep that happens to be bearish, expiring in 35 day(s) on January 17, 2025. This event was a transfer of 14 contract(s) at a $400.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $69.2K, with a price of $4850.0 per contract. There were 830 open contracts at this strike prior to today, and today 423 contract(s) were bought and sold. 
• Regarding DHI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), we observe a call option sweep with bullish sentiment. It expires in 70 day(s) on February 21, 2025. Parties traded 340 contract(s) at a $160.00 strike. This particular call needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $176.8K, with a price of $520.0 per contract. There were 254 open contracts at this strike prior to today, and today 361 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a put option trade that happens to be bearish, expiring in 399 day(s) on January 16, 2026. This event was a transfer of 5 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $48.9K, with a price of $9790.0 per contract. There were 4118 open contracts at this strike prior to today, and today 303 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a call option sweep that happens to be bearish, expiring in 70 day(s) on February 21, 2025. This event was a transfer of 67 contract(s) at a $80.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $395.0 per contract. There were 2472 open contracts at this strike prior to today, and today 78 contract(s) were bought and sold. 
• For VAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAC#NYSE">VAC</a>), we notice a call option trade that happens to be bearish, expiring in 125 day(s) on April 17, 2025. This event was a transfer of 73 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $43.0K, with a price of $590.0 per contract. There were 3667 open contracts at this strike prior to today, and today 73 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PENN

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Ritholtz Wealth Management&#8217;s Josh Brown created a new index that tracks the most popular stocks in some of the <a href="https://www.benzinga.com/insights/options/24/12/42465585/spotlight-on-soundhound-ai-analyzing-the-surge-in-options-activity">hottest themes of the market</a>.
What To Know: Last Tuesday on "<a href="https://podcasts.apple.com/us/podcast/the-compound-and-friends/id1456467014?i=1000679133042" target="_blank" rel="noreferrer noopener">The Compound &amp; Friends</a>" podcast, Brown set the stage for unveiling the &#8220;Degen Dow.&#8221;
&#8220;I think that if we were to make a list of the biggest themes of 2024, one of those themes would have been degeneracy,&#8221; Brown said. 
It&#8217;s tough to say precisely how the word &#8220;degen&#8221; came to be, but some believe it originates from the term &#8220;degenerate gambler&#8221; in sports betting and gambling culture, <a href="https://www.wsj.com/finance/stocks/degen-stock-crypto-trading-market-trend-69d12a56">according</a> to The Wall Street Journal.
It&#8217;s also used by crypto traders and meme-stock traders who often make risky short-term bets based on momentum and steer clear of traditional ways of assessing investments. 
Brown put together a list of the top stocks used as trading vehicles by &#8220;degen&#8221; traders using platforms such as Robinhood, Stocktwits and Reddit&#8217;s <a href="https://www.benzinga.com/topic/wallstreetbets">WallStreetBets</a>. The list includes high beta Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-related names, gaming and gambling companies, AI names, space theme plays, Cathie Wood favorites and president-elect Donald Trump-related stocks.
&#8220;All the major degen food groups are represented,&#8221; Brown said. 
Here&#8217;s a look at all of the stocks that made it into the &#8220;Degen Dow.&#8221;
<ul>
<li>Archer Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>)</li>
</ul>
<ul>
<li>AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>)</li>
</ul>
<ul>
<li>Applovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>)</li>
</ul>
<ul>
<li>Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</li>
</ul>
<ul>
<li>Carvana Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>)</li>
</ul>
<ul>
<li>Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)</li>
</ul>
<ul>
<li>DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)</li>
</ul>
<ul>
<li>Flutter Entertainment Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>)</li>
</ul>
<ul>
<li>Geo Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>)</li>
</ul>
<ul>
<li>GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)</li>
</ul>
<ul>
<li>Hims &amp; Hers Health, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>)</li>
</ul>
<ul>
<li>Robinhood Markets, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</li>
</ul>
<ul>
<li>Lucid Group, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</li>
</ul>
<ul>
<li>MARA Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</li>
</ul>
<ul>
<li>MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</li>
</ul>
<ul>
<li>NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
</ul>
<ul>
<li>PagerDuty, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>)</li>
</ul>
<ul>
<li>Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</li>
</ul>
<ul>
<li>Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>)</li>
</ul>
<ul>
<li>Reddit, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>)</li>
</ul>
<ul>
<li>Riot Platforms, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>)</li>
</ul>
<ul>
<li>Rivian Automotive, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)</li>
</ul>
<ul>
<li>Rocket Lab USA, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>)</li>
</ul>
<ul>
<li>Rumble Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>)</li>
</ul>
<ul>
<li>Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</li>
</ul>
<ul>
<li>SoFi Technologies, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</li>
</ul>
<ul>
<li>SoundHound AI, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>)</li>
</ul>
<ul>
<li>Tesla, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
</ul>
<ul>
<li>Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>)</li>
</ul>
<ul>
<li>Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</li>
</ul>
Why It Matters: Brown equal-weighted the basket of stocks in the index to track performance. The index actually declined more than 80% from the highs in late 2021, but it has formed a base and appears to be breaking out to the upside with gains of nearly 50% since the start of the year. 
&#8220;Look how it&#8217;s like turning up &#8230; this thing is ripping into year-end,&#8221; Brown said, to which his co-host Michael Batnick replied, &#8220;I want to get long.&#8221;
Brown noted Nvidia and Reddit are the only two names on the list he currently owns.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">GameStop Q3 Earnings: Revenue Miss, $4B+ Cash, No More Offerings Planned In Fiscal Year</a></li>
</ul>
Photo: Shutterstock

Josh Brown Unveils The 'Degen Dow,' A Basket Of 30 Retail Darlings Spanning All 'Major Degen Food Groups'

The stock market experienced a wave of optimism on Wednesday, driven by the latest inflation report. The Nasdaq 100 surged 1.7%, achieving a <a href="https://www.benzinga.com/markets/equities/24/12/42452127/nasdaq-breaks-20000-milestone-as-tech-rally-rate-cut-hopes-fuel-market-optimism">new record high</a>, while the S&amp;P 500 climbed 0.8%. This bullish sentiment was fueled by expectations of a 25-basis-point rate cut at the upcoming Federal Reserve meeting. The tech sector, particularly the &#8220;Magnificent Seven&#8221; mega-cap stocks, played a significant role in these gains.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
GameStop Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop shares rose 7.58% to close at $28.97, with an intraday high of $30.16 and a low of $27.51. The stock&#8217;s 52-week range is $64.83 to $9.95. The company&#8217;s <a href="https://www.benzinga.com/24/12/42447172/gamestop-shares-are-on-the-rise-wednesday-whats-going-on">third-quarter financial results</a> revealed net sales of $860.3 million, falling short of the $887.7 million consensus estimate. Sales declined across all segments, with hardware and accessories generating $417.4 million, down from $579.4 million the previous year. 
Adobe Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)
Adobe&#8217;s stock saw a modest gain of 0.53%, closing at $549.93. The day&#8217;s high was $552.3, and the low was $541.74, with a 52-week range of $638.25 to $433.98. The company reported fourth-quarter revenue of $5.61 billion, <a href="https://www.benzinga.com/news/earnings/24/12/42449013/adobe-q4-earnings-revenue-eps-beat-on-strong-demand-related-to-ai-shares-slide-following-soft-guidance">surpassing the $5.54 billion consensus estimate</a>. Adjusted earnings per share were $4.81, beating the $4.66 estimate. Despite this, shares dipped due to soft guidance. 
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta Platforms&#8217; stock increased by 2.16%, ending the day at $632.68. The stock reached an intraday high of $638.4 and a low of $621.53, with a 52-week range of $638.4 to $324.56. The company faced a <a href="https://www.benzinga.com/general/social-media/24/12/42446823/meta-platforms-suffers-major-outage-facebook-instagram-and-other-apps-down-for-thousands">major outage</a> affecting Facebook, Instagram, Threads, and WhatsApp, impacting thousands of users. Meta acknowledged the issue, which was reported by Downdetector.com.
Candel Therapeutics, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CADL#NASDAQ">CADL</a>)
Candel Therapeutics&#8217; stock skyrocketed 68.11% to $7.75, with a high of $14.60 and a low of $6.13. The 52-week range is $14.60 to $1. The company announced successful results from a <a href="https://www.benzinga.com/24/12/42438029/candel-therapeutics-prostate-cancer-therapy-hits-primary-goal-in-late-stage-study-stock-surges-over-100">phase 3 trial of its CAN-2409 viral immunotherapy</a> for prostate cancer, meeting its primary endpoint and showing significant improvement in disease-free survival. 
Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares climbed 5.93% to close at $424.77, with an intraday high of $424.88 and a low of $402.38. The stock&#8217;s 52-week range is $424.88 to $138.8. The company&#8217;s <a href="https://www.benzinga.com/markets/equities/24/12/42438591/teslas-china-sales-recover-model-y-accounts-for-over-60-of-november-sales">strong performance in China</a>, particularly with the Model Y, contributed to this rise. In November, Tesla&#8217;s retail sales in China reached 73,490 units, marking a significant recovery. 
Image via Pixabay
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42404610/peter-schiff-advises-biden-to-do-one-good-thing-before-his-term-ends-sell-all-the-bitcoin-held-by-the-us?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Advises Biden To Do One &#8216;Good Thing&#8217; Before His Term Ends: &#8216;Sell All The Bitcoin&#8217; Held By The US</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Gamestop, Adobe, Meta, Candel Therapeutics, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Chewy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) shares are moving lower in Wednesday&#8217;s after-hours session after the company announced a public offering by a selling stockholder and a <a href="https://www.benzinga.com/pressreleases/24/12/b42448132/chewy-inc-announces-public-offering-of-class-a-common-stock-by-selling-stockholder-and-concurrent-">concurrent share repurchase</a>.
What Happened: After the market close on Wednesday, Chewy announced an underwritten public offering of&nbsp;$500 million&nbsp;of its common stock, being sold by Buddy Chester Sub LLC, an entity affiliated with funds advised by Chewy&#8217;s largest shareholder&nbsp;BC Partners Advisors.
The selling stockholder plans to grant the underwriters a 30-day option to purchase up to an additional $75 million of Chewy common stock. Chewy will not be selling any shares in the offering, and will not receive any proceeds. 
In connection with the offering, Chewy agreed to purchase $50 million of its common stock at the same price paid by the underwriters in the offering. The repurchased shares will be retired upon completion. The concurrent repurchase was approved by a special committee of Chewy&#8217;s board.
Check This Out: <a href="https://www.benzinga.com/news/large-cap/24/12/42447567/magnificent-seven-tech-titans-hit-182-trillion-market-cap-alphabet-amazon-apple-meta-tesla-jointly-notch-all-time-highs">Magnificent Seven Tech Titans Hit $18.2 Trillion Market Cap: Alphabet, Amazon, Apple, Meta, Tesla Jointly Notch All-Time Highs</a>
Chewy shares are up approximately 37% year-to-date. The rally in the pet retailer&#8217;s stock accelerated over the summer after meme stock trader&nbsp;Keith Gill,&nbsp;also known as&nbsp;&#8220;Roaring Kitty,&#8221;&nbsp;announced a stake in the company. 
Gill <a href="https://www.benzinga.com/news/24/10/41614177/roaring-kitty-puts-chewy-stock-in-the-litter-box-gamestop-shares-move-higher-after-hours">sold his entire stake</a> in Chewy a few months later. Chewy shares fell on the news, but the selloff was short-lived. Chewy had been Gill's only other publicly known investment outside of GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), which has seen increased attention in recent months.
GameStop and several other meme stocks popped last week after Gill <a href="https://www.benzinga.com/general/social-media/24/12/42349100/gamestop-rockets-as-roaring-kitty-returns-to-x-what-does-his-tweet-signal-ahead-of-q3-earnings">posted an image</a> of a TIME magazine cover featuring a blank computer screen and a video player paused at the 1:09 mark of a 4:20-long video. Chewy shares traded lower on the post.
Chewy reported mixed quarterly financials last week, beating on earnings but missing on revenue. The company guided for fourth-quarter revenue of $3.18 billion to $3.2 billion versus estimates of $3.17 billion.
Following the print, Goldman Sachs lifted its <a href="https://www.benzinga.com/analyst-stock-ratings">price target</a> to $40, RBC Capital raised its target to $42 and JPMorgan maintained an Overweight rating and moved its price target up to $38.
CHWY Price Action: Chewy shares were down 2.92% in after-hours, trading at $31.59 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Courtesy of Chewy.

GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares are trading higher Wednesday after the company released its <a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">third-quarter financial results.</a> 
What To Know: GameStop reported net sales of $860.3 million for the third quarter, which was below analysts&#8217; consensus estimate of $887.7 million and down from $1.08 billion in the same quarter last year. 
Sales declined across all segments. Hardware and accessories generated $417.4 million in revenue, down from $579.4 million in the prior year. Software sales came in at $271.8 million, compared to $321.3 million last year. Collectibles revenue was $171.1 million, a slight drop from $177.6 million last year, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Despite lower revenue, the company reported a net income of $17.4 million in the third quarter, a reversal from a net loss of $3.1 million in the prior year. Adjusted earnings per share were 6 cents. 
GameStop ended the quarter with $4.62 billion in cash and cash equivalents, bolstered by a previously announced equity offering that raised $400 million in gross proceeds.
The company stated it does not anticipate any additional stock offerings during the current fiscal year.
GameStop stock has experienced volatility, with a 52-week range of $9.95 to $64.83 and investors remain focused on the company's performance and long-term strategy.
GME Price Action: GameStop shares were up 8.95% at $29.34 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1733167806337199"><img loading="lazy" decoding="async" width="1024" height="527" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11142423/GME-1024x527.png" alt="" class="wp-image-688174" style="width:474px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11142423/GME-1024x527.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11142423/GME-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11142423/GME-768x395.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11142423/GME.png 1183w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42445956/smci-teeters-on-edge-of-nasdaq-100-is-friday-d-day-for-super-micro">Super Micro Computer Teeters On Edge Of Nasdaq 100: Can xAI, Nvidia Help Stabilize Trajectory?</a></li>
</ul>
Image Via Shutterstock.

GameStop Shares Are On The Rise Wednesday: What's Going On?

<a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42436676/inflation-rises-as-expected-in-november-sustain-hopes-for-next-weeks-fed-interest-rate-cut">An inline November inflation report</a> unleashed a surge of bullish momentum across markets on Wednesday.
Traders priced in near-certainty of a 25-basis-point rate cut at next week's Federal Reserve meeting, fueling optimism for a<a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42436676/inflation-rises-as-expected-in-november-sustain-hopes-for-next-weeks-fed-interest-rate-cut"> more accommodating monetary policy.</a>
The Consumer Price Index rose by 2.7% year-over-year in November, matching expectations. Core inflation — excluding volatile items such as energy and food — remained steady at 3.3%.
Tech stocks took center stage as the Nasdaq 100 rallied 1.7%, notching a fresh record high and logging its best session in over a month. The so-called &#8220;Magnificent Seven&#8221; mega-cap stocks were the driving force behind the gains.
The Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>) jumped 2.6%, its best performance since Nov. 6, eyeing its eighth positive session in the last nine trading days.
Six of the seven mega-cap tech giants hit record highs, with the group's combined market cap reaching a staggering $17.3 trillion. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) was the sole exception among the elite names.
The S&amp;P 500 joined the rally, climbing 0.9% and nearing its all-time highs. Small-cap stocks added 0.7%, while the Dow Jones Industrial Average remained flat, lagging behind its peers.
Improving rate-cut expectations — fed futures now almost fully pricing in a 25-basis-point rate cut next week — supported gold, with the yellow metal rising 0.9% to 2,717 per ounce, heading for a fourth straight session of gains.
Bullish sentiment returned to the crypto market, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallying 4% to above $100,000 again, almost erasing losses from prior two sessions. 
Oil prices rose more than 2% on Wednesday, even as OPEC downgraded its global demand outlook for both 2023 and 2024.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,744.29</td>
<td>1.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,088.08</td>
<td>0.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,398.19</td>
<td>0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,268.39</td>
<td>0.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120224&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.9% to $608.33.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;flattened at $444.28.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.8% to $529.86.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.9% to $238.38.</li>
<li>The&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) and the Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, both rising 1.6%; the&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 1.1%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) rallied 4.4% after the tech giant announced the launch of <a href="https://www.benzinga.com/media/24/11/42030331/heres-when-google-gemini-could-be-integrated-with-apple-intelligence">Gemini 2.0 AI model</a>.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) soared 5.7%, ahead of its earnings report slated for <a href="https://www.benzinga.com/24/12/42396941/broadcom-likely-for-upside-backed-by-ai-pipeline-market-recovery-vmware-synergy-as-key-ai-semiconductor-and-custom-chip-supplier">Thursday after market closes</a>.</li>
<li>Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) dropped 6.5% after surging 17% on Tuesday, following <a href="https://www.benzinga.com/24/12/42431136/walgreens-stock-pulls-back-326-in-pre-market-trading-as-wall-street-veterans-debate-private-equity-deal-value-amid-sycamore-partners-takeover-talks">reports of a $7.5 billion sale</a> negotiation with Sycamore Partners.</li>
<li>Gamestop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) rallied over 9% in <a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">reaction to earnings report</a>.</li>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) rose 0.4% in anticipation of its quarterly results, set to be released after market close.</li>
</ul>
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/news/legal/24/12/42444266/nvidia-loses-supreme-court-appeal-faces-continued-legal-battle-over-cryptocurrency-disclosure">Nvidia Loses Supreme Court Appeal, Faces Continued Legal Battle Over Cryptocurrency Disclosure</a></li>
</ul>
Image: Shutterstock

Nasdaq 100 Rallies To Record Highs, Magnificent 7 Market Cap Tops $17 Trillion, Bitcoin Soars To $100,000: What's Driving Markets Wednesday?

WIIM

GameStop shares are trading higher. The company released their Q3 financial results.

U.S. stocks were higher, with the Nasdaq Composite gaining around 300 points on Wednesday.
Shares of Photronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAB#NASDAQ">PLAB</a>) rose sharply during Wednesday's session after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance with its <a href="https://www.benzinga.com/news/earnings/24/12/42434183/photronics-q4-earnings-beats-expectations-ceo-credits-strong-us-sales-2025-backed-by-ai-edge-computing-and-supply-chain-trends">midpoint above estimates</a>.
The company reported adjusted EPS of 59 cents, beating the Wall Street view of 52 cents. Photronics reported quarterly revenues of $222.63 million, down 2% year-over-year. Sales beat the analyst consensus of $218.00 million. The revenue grew by 6% Q/Q.
Photronics shares jumped 13.1% to $28.64 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Stitch Fix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) shares jumped 47.8% to $6.80 after the company reported better-than-expected first-quarter EPS and sales and issued strong guidance.</li>
<li>Patterson Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) surged 34% to $30.98 after the company announced it entered into a definitive agreement to be acquired by Patient Square Capital.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) gained 18.6% to $2.2892.</li>
<li>Destiny Tech100 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NASDAQ">DXYZ</a>) surged 17.3% to $71.95.</li>
<li>FIGS, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIGS#NYSE">FIGS</a>) rose 17.3% to $6.02 following a WSJ report suggesting the company received a takeover offer from Story3 Capital Partners.</li>
<li>ReNew Energy Global Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNW#NASDAQ">RNW</a>) jumped 12.1% to $7.11 after the company announced it received $7.07 share buyout proposal from a consortium including Masdar, CPP Investments, ADIA and founder Sumant Sinha to acquire the remaining share capital.</li>
<li>Frontier Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) surged 11.6% to $6.70. Deutsche Bank analyst Michael Linenberg upgraded Frontier Group from Hold to Buy and raised the price target from $6 to $8.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) gained 10.2% to $29.68 following quarterly results.</li>
<li>Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) jumped 7.7% to $60.57.</li>
<li>Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) rose 7.5% to $268.58. Roth MKM analyst Chip Moore initiated coverage on Powell Industries with a Buy rating and announced a price target of $312.</li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) gained 5.7% to $346.12 after the company issued FY24 and FY25 revenue guidance.</li>
</ul>
Now Read This: &lt;a href=&#8221;https://www.benzinga.com/news/24/04/38316287/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call&#8221;&gt;&lt;em&gt; Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call&lt;/em&gt;&lt;/a&gt;

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$420.00</td>
<td>$34.1K</td>
<td>41.2K</td>
<td>82.4K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$85.00</td>
<td>$225.6K</td>
<td>17.6K</td>
<td>1.6K</td>
</tr>
<tr>
<td>RIVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$15.00</td>
<td>$52.1K</td>
<td>33.5K</td>
<td>1.3K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$29.7K</td>
<td>17.3K</td>
<td>553</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$250.00</td>
<td>$53.7K</td>
<td>5.6K</td>
<td>337</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$410.00</td>
<td>$30.0K</td>
<td>980</td>
<td>133</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$36.00</td>
<td>$30.0K</td>
<td>139</td>
<td>128</td>
</tr>
<tr>
<td>SFIX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.50</td>
<td>$44.5K</td>
<td>562</td>
<td>107</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$42.00</td>
<td>$30.0K</td>
<td>952</td>
<td>99</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$270.00</td>
<td>$51.3K</td>
<td>109</td>
<td>34</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on December 13, 2024. This event was a transfer of 61 contract(s) at a $420.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $34.1K, with a price of $560.0 per contract. There were 41266 open contracts at this strike prior to today, and today 82471 contract(s) were bought and sold. 
• Regarding NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we observe a call option sweep with bearish sentiment. It expires in 37 day(s) on January 17, 2025. Parties traded 1139 contract(s) at a $85.00 strike. This particular call needed to be split into 55 different trades to become filled. The total cost received by the writing party (or parties) was $225.6K, with a price of $198.0 per contract. There were 17625 open contracts at this strike prior to today, and today 1629 contract(s) were bought and sold. 
• Regarding RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we observe a put option sweep with bullish sentiment. It expires in 37 day(s) on January 17, 2025. Parties traded 246 contract(s) at a $15.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $52.1K, with a price of $211.0 per contract. There were 33522 open contracts at this strike prior to today, and today 1341 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a call option trade that happens to be bullish, expiring in 37 day(s) on January 17, 2025. This event was a transfer of 30 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $29.7K, with a price of $990.0 per contract. There were 17300 open contracts at this strike prior to today, and today 553 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bearish, expiring in 191 day(s) on June 20, 2025. This event was a transfer of 36 contract(s) at a $250.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $53.7K, with a price of $1493.0 per contract. There were 5632 open contracts at this strike prior to today, and today 337 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a call option trade with bearish sentiment. It expires in 37 day(s) on January 17, 2025. Parties traded 20 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $1500.0 per contract. There were 980 open contracts at this strike prior to today, and today 133 contract(s) were bought and sold. 
• For MGM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), we notice a call option trade that happens to be neutral, expiring in 72 day(s) on February 21, 2025. This event was a transfer of 100 contract(s) at a $36.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 139 open contracts at this strike prior to today, and today 128 contract(s) were bought and sold. 
• Regarding SFIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>), we observe a call option trade with bearish sentiment. It expires in 401 day(s) on January 16, 2026. Parties traded 100 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $445.0 per contract. There were 562 open contracts at this strike prior to today, and today 107 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a call option trade with bullish sentiment. It expires in 72 day(s) on February 21, 2025. Parties traded 80 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $375.0 per contract. There were 952 open contracts at this strike prior to today, and today 99 contract(s) were bought and sold. 
• For RCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), we notice a put option trade that happens to be bearish, expiring in 100 day(s) on March 21, 2025. This event was a transfer of 16 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $51.3K, with a price of $3210.0 per contract. There were 109 open contracts at this strike prior to today, and today 34 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LULU

U.S. futures were mixed on Wednesday in premarket hours ahead of the crucial inflation data. Major index futures like Dow Jones and Russell 2000 fell, while Nasdaq 100 and S&amp;P 500 advanced.
The 10-year and two-year Treasury notes yielded 4.24% and 4.17%, respectively. Expectations of a further 25 basis point rate cut in December rose to 86.1%, up from 78.1% a week ago, according <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> CME Group&#8217;s FedWatch tool.
Economists <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42423745/december-interest-rate-cut-is-almost-a-done-deal-could-wednesday-inflation-data-derail-investor-hopes">expect annual CPI inflation to rise</a> from 2.6% in October to 2.7% in November, according to TradingEconomics consensus estimates. Core CPI — which excludes volatile food and energy prices — is projected to remain steady at 3.3% year-over-year, with a 0.3% monthly gain, mirroring October's pace.
Wednesday&#8217;s release will provide insights into inflation trends. Federal Reserve officials are currently in a quiet period ahead of their December meeting.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.21%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.10%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.12%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.03%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.09% to $603.38 and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) advanced 0.2% to $521.64, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Cues From The Last Session
U.S. stocks declined on Tuesday, extending the Dow&#8217;s four-day losing streak. Oracle Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) weak earnings and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) subsidiary Google&#8217;s quantum computing chip news impacted the market.
On the economic data front, U.S. nonfarm business sector labor productivity increased by 2.2% in the third quarter, which is in line with the preliminary reading.
Most sectors on the S&amp;P 500 closed on a negative note, with real estate, information technology, and materials stocks recording the biggest losses on Tuesday.
However, communication services and consumer staples stocks bucked the overall market trend, closing the session higher.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.25%</td>
<td>19,687.24</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.30%</td>
<td>6,034.91</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.35%</td>
<td>44,247.83 </td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.42%</td>
<td>2,382.77</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts 
<a href="https://www.benzinga.com/24/12/42430296/carson-researchs-50-year-study-suggests-that-the-26-months-old-bull-market-is-far-from-over">Carson Research&#8217;s note</a> written by its chief market strategist Ryan Detrick, said, 2024 "would go down as the best election year return ever," as the S&amp;P 500 Index has made 56 new all-time highs.
He also highlighted that the current bull market is nearly 26 months old and is now up more than 70% from the mid-October 2022 lows. "But the good news for investors is that once previous bull markets got to this point there were many more years of gains left," he said.
"Going back 50 years, we found five other bull markets that had lasted at least this long and the shortest any of them lasted was five total years. Think of it like a cruise ship — once it gets moving, it can be quite hard to stop.&#8221;
In the graph shared by Detrick, he highlighted the August 1987 and October 2007 bull markets which lasted for five years each, the November 1980 bull market which lasted 6.2 years, and also March 2000 bull market which lasted for 12.3 years.
The Dow hit a record eight 1,000-point milestones this year and November was a huge month for small caps, with the Russell 2000 up by 10.9%.
"We found 22 other times the Russell 2000 gained at least double digits in a month and six months later it has been higher 90% of the time and a year later up a very solid 15% on average," the note said.
According to a JPMorgan note on its <a href="https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/2025%20Year-Ahead%20Investment%20Outlook.pdf">2025 outlook</a>, &#8220;the prospect of deregulation and corporate tax cuts may finally give investors conviction to add to previously unloved areas of the market, like value and mid/small cap stocks, which are also benefiting from earnings recovery and attractive valuations.&#8221;
As the cost of capital declines with interest rates, &#8220;Consumers and companies should resume capital-intensive expenditures. Durable goods subsectors, particularly those tied to housing, should also see a boost.
&#8220;Financials should benefit from increased loan and insurance demand, a more favorable yield curve, normalizing M&amp;A and IPO activity and prospects for deregulation, while falling rates also increase the relative value of bond proxy sectors like utilities and real estate,&#8221; the note added.
Upcoming Economic Data
This week&#8217;s economic calendar is packed with essential data releases that will help investors shape their future plans and strategies.
<ul>
<li>On Wednesday, November&#8217;s headline and core consumer price index data will be released at 8:30 a.m. ET.</li>
<li>The monthly U.S. federal budget data will be released at 2:00 p.m. ET.</li>
<li>On Thursday, initial jobless claims data till Dec. 7 and the core and headline producer price index for November will be released at 8:30 a.m. ET.</li>
<li>On Friday, the import price index data will be released at 8:30 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) was up 12.3% in premarket after the company along with its partner Quantum Machines <a href="https://www.benzinga.com/24/12/42417674/why-is-rigetti-computing-stock-gaining-on-tuesday">made progress in quantum computing</a> by using AI to automate the calibration of a 9-qubit Novera QPU, achieving unprecedented accuracy and speed,</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) <a href="https://www.benzinga.com/markets/equities/24/12/42431772/gamestop-stock-rises-despite-a-sales-decline-as-the-company-swings-back-to-profitability-technic">rose 3.30% in the premarket session</a> as the company swung to profit despite a dip in its revenue.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) was up 1.20% in premarket after it announced a major development in quantum computing through the use of its Willow quantum chip.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) declined 6.7% in the premarket hours. The company said that it has entered into a securities purchase agreement to raise up to $50 million in a registered direct offering to institutional investors.</li>
<li>Sealsq Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) rose 138.18% after it partnered with IC&#8217;ALPS to strengthen its ASIC development capabilities by combining IC&#8217;ALPS&#8217; design expertise with its own security IP and production knowledge.</li>
<li>Investors are awaiting earnings results from Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), and Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose in the early New York session, advancing 1.14% to hover around $69.7 per barrel.
The gold spot index rose by 0.26% to $2,725.21 per ounce. The Dollar Index was up 0.26% to 106.68 level.
Asian markets were mixed on Wednesday as China&#8217;s CSI 300, Australia&#8217;s ASX 200, and Hong Kong&#8217;s Hang Seng declined. While, Japan&#8217;s Nikkei 225, India&#8217;s S&amp;P BSE Sensex, and South Korea&#8217;s Kospi Index advanced. Most European markets declined.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/24/12/42405749/bitcoin-far-more-of-a-threat-than-a-brics-reserve-currency-says-jeremy-siegel-find-it-curious-that-trump-championed-btc-at-100k">Bitcoin Far More Of A Threat Than A BRICS Reserve Currency, Says Jeremy Siegel: Find It &#8216;Curious&#8217; That Trump Championed BTC At 100K</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

Federal Reserve

Pre-Market Outlook

GOOG

LAES

NDSN

ORCL

US Futures Mixed As Street Braces For Inflation Data: Analyst Says 2024 Will Go Down As The 'Best Election Year Return Ever'

GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock rose by 3% in premarket hours on Wednesday as the company swung to profit <a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">despite a dip in its revenue</a>. However, technical analysis of the GME stock based on simple moving averages shows that it is oscillating within a defined range.
What Happened: GameStop recorded a net income of $17.4 million for the third quarter that ended Nov. 2, compared to a net loss of $3.1 million in the same period last year.
The company&#8217;s net sales were at $0.86 billion for the period, compared to $1.078 billion in the prior year&#8217;s third quarter, according to the GAAP measures.
Why It Matters: GameStop stock has advanced by 61.6% on a year-to-date basis and declined 11.7% in the last six months. This compares to 18.1% and 11% performance by NYSE Composite in the same period, respectively.
The company, which is also a part of Russell 2000, outperformed the gauge on a year-to-date basis as it grew by 18.4%. However, over the past six months, GME stock underperformed R2K, which gained 17.7% during this period.
From a technical perspective, the analysis of daily moving averages indicates a potential period of consolidation.
GameStop stock closed at $26.93 apiece on Tuesday and rose to $27.75 per share in after hours. This is below its eight and 20-day simple moving averages, of $27.92 and $27.98, respectively. As per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>, its current stock price is higher than the 50 and 200-day moving average prices at $24.34 and $21.30, respectively.
This trend indicates that the stock is experiencing near-term downward momentum but it is still broadly above its longer-term price movement, indicating consolidation. On the other hand, the relative strength index of 50.42 suggests the stock was in the neutral region, neither overbought nor oversold.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11024030/Gamestop-technical-chart-1024x576.png" alt="" class="wp-image-686755" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11024030/Gamestop-technical-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11024030/Gamestop-technical-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11024030/Gamestop-technical-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11024030/Gamestop-technical-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11024030/Gamestop-technical-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Benzinga&#8217;s <a href="https://www.benzinga.com/quote/GME">technical analysis scorecard</a>, scores the company at 33 points out of 100, indicating poor momentum.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/GME"><img loading="lazy" decoding="async" width="490" height="133" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11023851/Benzinga-tech-analysis-score.png" alt="" class="wp-image-686751" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11023851/Benzinga-tech-analysis-score.png 490w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11023851/Benzinga-tech-analysis-score-300x81.png 300w" sizes="(max-width: 490px) 100vw, 490px" /></a></figure>
See Also: <a href="https://www.benzinga.com/analyst-ratings/upgrades/24/12/42407670/sofi-technologies-shares-fall-after-bofa-downgrade-over-valuation-concerns">SoFi Stock Falls After BofA Downgrade Over Valuation Concerns: Here&#8217;s What Technical Analysis Shows</a>
What Are Analysts Saying: According to <a href="https://www.benzinga.com/quote/GME/analyst-ratings">Benzinga Pro data</a>, GameStop has a consensus price target of $16.5 per share based on the ratings of two analysts. Ascendiant Capital&#8217;s price target was $23 apiece as of Dec. 27, 2021. Wedbush&#8217;s latest target from Sept. 11, 2024, stands at $10 per share.
The average price target of $9.33 apiece between the three latest ratings from Wedbush implies a 66.37% downside for GameStop.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/GME/analyst-ratings"><img loading="lazy" decoding="async" width="949" height="355" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11023716/GM-ANR.png" alt="" class="wp-image-686746" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11023716/GM-ANR.png 949w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11023716/GM-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11023716/GM-ANR-768x287.png 768w" sizes="(max-width: 949px) 100vw, 949px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/24/12/42405749/bitcoin-far-more-of-a-threat-than-a-brics-reserve-currency-says-jeremy-siegel-find-it-curious-that-trump-championed-btc-at-100k" target="_blank" rel="noreferrer noopener">Bitcoin Far More Of A Threat Than A BRICS Reserve Currency, Says Jeremy Siegel: Find It ‘Curious' That Trump Championed BTC At 100K</a></li>
</ul>
Photo courtesy: Shutterstock

GameStop Stock Rises Despite A Sales Decline As The Company Swings Back To Profitability: Technical Analysis Shows What's In Store For GME Stock

The stock market experienced a downturn on Monday as the S&amp;P 500 and Nasdaq Composite indices fell from their recent record highs. The S&amp;P 500 decreased by 0.3% and the Nasdaq Composite dipped by 0.25%. Despite these setbacks, both indices had recorded gains over the previous three weeks. Meanwhile, the Dow Jones also closed lower, shedding over 150 points.
These are the top stocks that gained the attention of retail traders and investors throughout the day.
GameStop Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop shares declined by 3.65%, closing at $26.93. The stock reached an intraday high of $28.39 and a low of $26.85, with a 52-week range between $64.83 and $9.95. The video game retailer reported <a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">third-quarter net sales</a> of $860.3 million, falling short of last year&#8217;s $1.08 billion and missing the Street consensus estimate of $887.7 million.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42380768/quantum-computing-stocks-roundup-d-wave-rigetti-ionq-lead-the-charge-with-explosive-growth?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Quantum Computing Stocks Roundup: D-Wave, Rigetti, IonQ Lead the Charge With Explosive Growth</a>
United States Steel Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>)
United States Steel saw its stock plummet by 9.68%, closing at $35.26. The day&#8217;s trading saw a high of $39.05 and a low of $30.55, with a 52-week range of $50.20 to $26.92. The drop followed reports that President Joe Biden plans to <a href="https://www.benzinga.com/24/12/42425695/biden-set-to-block-sale-of-us-steel-to-nippon-steel-reportsitesi">block the company&#8217;s sale</a> to Nippon Steel due to national security concerns. 
Walgreens Boots Alliance Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)
Walgreens shares surged by 17.74%, closing at $10.42. The stock hit an intraday high of $11.30 and a low of $8.54, with a 52-week range from $27.05 to $8.08. The increase came after reports of <a href="https://www.benzinga.com/24/12/42421855/walgreens-stock-jumps-on-report-of-potential-private-equity-sale-what-you-need-to-know">potential acquisition talks</a> with Sycamore Partners, which could take the company private.
Rigetti Computing Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)
Rigetti Computing&#8217;s stock soared by 45.19%, closing at $6.49. The stock&#8217;s intraday high was $6.89, with a low of $4.28, and a 52-week range of $6.89 to $0.66. The company made headlines with its AI-powered <a href="https://www.benzinga.com/24/12/42417674/why-is-rigetti-computing-stock-gaining-on-tuesday">calibration breakthrough</a> in quantum computing, significantly enhancing its capabilities.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares rose by 2.87%, closing at $400.99. The stock reached an intraday high of $409.73 and a low of $390.85, with a 52-week range from $409.73 to $138.8. Tesla saw strong sales in China, marking its <a href="https://www.benzinga.com/tech/24/12/42409492/teslas-2nd-best-week-in-china-in-2024-boosts-q4-prospects">second-best week in 2024</a>. Tesla&#8217;s insurance registrations in China reached 21,900 units for the week ending December 8, its second-best week of 2024, while BYD led with 85,000.
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/24/12/42406893/bill-gates-could-go-bankrupt-if-tesla-stock-surges-200-to-become-the-top-company-says-elon-musk?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bill Gates Could Go Bankrupt If Tesla Stock Surges 200% To Become The Top Company, Says Elon Musk</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

UNFI

Gamestop, US Steel, Walgreens, Rigetti Computing, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Video game retailer GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) reported third-quarter financial results<a href="https://www.benzinga.com/earnings"> after the market close Tuesday.</a>
Here are the key highlights.
What Happened: GameStop reported third-quarter net sales of $860.3 million, down from last year's third-quarter total of $1.08 billion. The total missed a Street consensus estimate of $887.7 million, according to data<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121024&amp;t=be2bearmibe3na1"> from Benzinga Pro.</a>
Sales broken down by segment were as follows, with the total from last year's third quarter in parentheses: &nbsp;
Hardware and accessories; $417.4 million ($579.4 million)
Software: $271.8 million ($321.3 million)
Collectibles: $171.1 million ($177.6 million)
All three segments saw year-over-year sales declines.
The company reported net income of $17.4 million in the third quarter versus a net loss of $3.1 million in last year's third quarter.
GameStop reported adjusted earnings per share of 6 cents. 
The company ended the third quarter with cash and cash equivalents of $4.62 billion. In the third quarter, the company completed a previously disclosed at-the-market equity offering program that had aggregate gross proceeds of around $400 million.
"The Company does not anticipate any further at-the-market offerings involving the offer and sale of its common stock during the current fiscal year," the company said.
Read Also:<a href="https://www.benzinga.com/general/gaming/24/12/42397928/gamestop-q3-earnings-preview-investors-want-bitcoin-on-balance-sheet-analyst-wants-hint-of-any-strategy"> GameStop Q3 Earnings Preview: Investors Want Bitcoin On Balance Sheet, Analyst Wants &#8216;Hint Of Any Strategy&#8217;</a>
What's Next: Following a trend from recent quarters, GameStop said it will not be holding a third-quarter conference call.
Investors and analysts continue to look for answers on how the company will spend its cash balance and what the direction of the company looks like going forward. 
GME Price Action: GameStop stock is up 1.52% to $27.34 in after-hours trading Tuesday versus a 52-week trading range of $9.95 to $64.83. The stock lost 3.58% in the regular session, closing at $26.93. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/social-media/24/12/42349100/gamestop-rockets-as-roaring-kitty-returns-to-x-what-does-his-tweet-signal-ahead-of-q3-earnings">GameStop Rockets As Roaring Kitty Returns To X: What Does His Tweet Signal Ahead Of Q3 Earnings?</a></li>
</ul>
Photo via Shutterstock.

Earnings

Gaming

GameStop Q3 Earnings: Revenue Miss, $4B+ Cash, No More Offerings Planned In Fiscal Year

GameStop shares are trading higher. The company reported Q3 financial results.

GameStop Q3 2024 Adj. EPS $0.06 Beats $(0.03) Estimate

GameStop Deserves To Fall More, Even After Signs Of Progress

Stock index futures rise as key inflation figure comes in line

Biggest stock movers Wednesday: PDCO, GME, GEV, and more

Analyst Michael Pachter of Wedbush reiterated a Sell rating on GameStop (GME – Research Report), retaining the price target of $10.00. Michael Pach...

GameStop's Unclear Strategy and Financial Struggles Justify Sell Rating

Popular meme stock GameStop ($GME) reported disappointing Q3 results as its ongoing slide in revenue continues, with a 20% year-over-year drop. Yet...

GameStop's (GME) $4 Billion-Dollar Question: What's Next?

In recent years, a few companies have exploded onto the scene, like Robin Hood ($HOOD). As a new generation of investors emerged, the glossy and ga...

Exploring New Markets Could Send RobinHood  on Another Growth Boom

Shares of GameStop ($GME) continued to tick higher in trading on Wednesday, despite the meme stock reporting mixed third-quarter results. Let's loo...

GameStop's (NYSE:GME) Astonishing Comeback Fuels Stock Momentum

Victoria's Secret leads 10 Buy-rated retailer stocks with strong momentum

Discover today's top stock opportunities with our 4-pillar strategy, combining catalysts, sentiment, fundamentals, and technicals to highlight 6 must-watch trades before the market opens.

Government Trades

GameStop Corp

top performing GME trades

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga