GameStop Corporation (NYSE:GME) shares are trading higher Monday as investors look ahead to the company's fourth-quarter earnings report. Here's a look at what's going on.
What To Know:
GameStop is set to report its fourth-quarter financial results Tuesday after the market close. According to estimates from Benzinga Pro, the company is expected to report earnings of 29 cents per share and quarterly revenue of $2.05 billion.
GameStop shares are moving on above-average trading volume Monday with more than 2.76 million shares already traded in the session, compared to the stock’s 100-day average of 3.083 million shares.
According to the latest data from Benzinga Pro, 22.42% of available GameStop shares are being sold short which ...