EARNINGS RELEASE - JUNE 9 (AMC)
THIS QTR: EPS: -1.27/share REV: 1,070/M
LAST QTR: EPS: .79/share ACTUAL: 1.27/share (BEAT)
NEXT QTR: EPS: -1.11/share REV: 931.3/M
FULL YR: EPS: -.97/Share REV: 5,730/M
*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS RECORD: 64% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 15.41, -20.43, -22.0
EXPECTED JUMP MOVE: 15%
*** 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
Video game retailer GameStop (NYSE: GME) has been on fire lately. The shares gained roughly 100% over a two-day period last week, following news that Chewy (NYSE: CHWY) founder and activist investor Ryan Cohen and two of his associates would join GameStop’s board of directors. The short squeeze continued today, pushing GameStop shares up another 10%.
(Bloomberg) — Citron Research suspended a scheduled live stream aimed at explaining its position on GameStop Corp. due to “too many people hacking Citron twitter,” the short seller said in a tweet Thursday.Citron’s managing partner Andrew Left was alerted by Twitter informing him that someone was trying to change his password, Left said in a phone interview.Twitter said it locked Citron’s account as a precaution and worked with the account owner to get it reinstated. The company wouldn’t specify what caused them to lock it in the first place.Following the attempted livestream Thursday, Left eventually posted a YouTube video where he explained his five reasons why GameStop is going to $20, maintaining the call on the company first made Jan. 19. GameStop shares surged as much as 14.4% to $44.75 on Thursday.“I’ve never seen such an exchange of ideas of people so angry about someone joining the other side of a trade,” Left said in the video. GameStop did not immediately respond to an email seeking comment.Read More: Reddit Becomes Must-Read for Wall Street Stock-Investing CrowdFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Shares of GameStop Corp. spiked higher midday trading Thursday, before erasing most of their gains, as widely followed short-seller Citron Research’s planned livestream, in which five reasons to sell the video game and consumer electronics retailer’s stock were expected to be highlighted, was canceled. The livestream, which was originally planned for Wednesday at 11:30 a.m. Eastern, was delayed to Thursday so as not to interfere with President Joe Biden’s inauguration. But given technical difficulties, the livestream was delayed slightly, then canceled. “Too many people hacking Citron twitter, will record and post later today. $GME going to $20 buy at your own risk,” Citron tweeted. The stock was trading up about 3.0% just before 11:30 a.m. ET, then spiked up as much as 14.4% to an intraday high of $44.75 as the livestream failed to proceed, before paring gains. The stock was recently up 0.9%. It has tripled (up 201.8%) over the past three months, while the S&P 500 has gained 12.2%.
Shares of GameStop Corp. dropped 2.2% in afternoon trading Wednesday, after well-known short seller Citron Research said it will livestream a bearish call on the video game seller, after the recent rocket ride. The livestream, which was originally scheduled for 11:30 a.m. ET on Wednesday, was rescheduled to Thursday so as not to interfere with “a historic presidential inauguration.” The stock has run up 104.4% just this month, after the company reached an agreement with an activist investor on a board shake up and reported strong holiday sales, which some believe fueled the squeezing out of bearish bets. Citron said it will give five reasons why buyers of GameStop’s stock at current levels “are the suckers at this poker game.” Citron said it believes the stock will fall “fast” back to $20. The stock has nearly tripled (up 177.8%) over the past three months, while the S&P 500 has gained 11.8%.
GameStop did an about-face and started climbing Wednesday after short-seller Citron Research said it was scrubbing its bearish livestream call because it didn’t want to interfere with the presidential inauguration. Citron said earlier Wednesday it would be holding a call at 11:30 a.m. ET and will “livestream the 5 reasons GameStop $GME buyers at these levels are the suckers at this poker game.” At 11:09 a.m. on Wednesday, however, Citron Research announced on Twitter that it would not be going ahead with the lifestream.
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Avg Daily Volume: 4,041,515 Market Cap: 180.48M
Sector: Services Short Interest: 105.46
Ticker delayed 20 minutes