Gamestop (GME.US) favorite stock of Robinhood traders, will report its fourth-quarter earnings after the closing bell today. Company is expected to report earnings per share of $1.35, on $2.211 billion in revenue. Institutional investors are cautious about this issue, however retail traders from Reddit board WallStreetBets are willing to buy company's shares regardless of today's financial results. Meanwhile during today's session stock fell 4% on news that another senior executive was ready to leave the retailer. The company’s chief financial officer Jim Bell earlier announced plans to step down which is the latest sign of a broader overhaul at the video game retailer driven by its top shareholder, Chewy.com co-founder Ryan Cohen.
Gamestop (GME.US) stock has been trading in a local sideways move recently between $ 173.08 and $219.73. Today's publication of quarterly results should bring more volatility. Source: xStation5
