JUMP REPORT
| Avg Daily Volume: 3,833,550 Market Cap: 247.87M Sector: Services Short Interest: 114.93 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .79/share REV: 2,240/M
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LAST QTR: EPS: .11/share ACTUAL: -.49/share (MISS)
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NEXT QTR: EPS: -.14/share REV: 1,290/M
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FULL YR: EPS: -.05/share REV: 6,510/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 58% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -20.43, -22.0, -39.78
EXPECTED JUMP MOVE: 15-20
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
One pack contains a card worth $68,000, but your odds of getting it are ridiculously slim.
When eBay roundly rejected a takeover approach from GameStop on Tuesday, one reason was its suitor’s governance. True, it was the sixth reason…
GameStop needs a lot of help if it wants to buy eBay. The video game retailer’s stock has lost more than $20 billion in value since their 2021 peak.
GameStop (NYSE:GME) submitted an unsolicited US$56b all stock bid to acquire eBay, which eBay’s board rejected as neither credible nor attractive. eBay cited concerns about financing, execution risk, and corporate governance, while GameStop has requested an increase in authorized shares, drawing attention to how any large deal might be funded. High profile investor Michael Burry exited his entire position in GameStop after the bid surfaced, adding to questions about the company’s direction…
STORY: :: eBayEBay on Tuesday rejected a $56 billion takeover bid from the much smaller GameStop.Chairman Paul Pressler said in a statement that the proposal was “neither credible nor attractive.”He also pointed to other concerns regarding the bid, including its financing, its impact on eBay’s long-term growth and the leadership structure of a potentially combined company.:: eBayPressler added that “eBay’s Board is confident the company, under its current management team, is well-positioned to continue to drive sustainable growth.”GameStop did not immediately respond to a request for comment.Last week, the videogame retailer’s CEO, Ryan Cohen, surprised Wall Street with his bid, which included a $20 billion debt financing commitment from TD Bank.:: eBayBut analysts and investors have doubted whether the half-cash, half-stock bid would succeed.:: eBay websiteCohen, who has built a 5% stake in eBay, has signaled he may be ready to take the offer directly to shareholders.Shares in eBay closed up over 2% on Tuesday, while GameStop fell over 3%.
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