Core Insights - GameStop Corp's stock has increased by 12.6%, trading at $28.60, following the board's approval to invest in Bitcoin as part of its strategy [1] - The stock has shown an impressive year-over-year increase of 80.8% and has reached its highest level since January, surpassing its 80-day moving average [1] Short Selling and Market Activity - Short interest has decreased by 5.7% over the last two reporting periods, with 28.52 million shares sold short, representing 7% of the stock's available float, indicating potential for further upward movement [2] - Today's options activity is notable, with 231,000 calls and 90,000 puts traded, which is 11 times the average volume, highlighting strong market interest [2] Volatility and Options Trading - The current Schaeffer's Volatility Index (SVI) for GameStop is at 76%, placing it in the 9th percentile of its annual range, suggesting relatively low option premiums, which is advantageous for buyers [3]

Core Viewpoint - GameStop Corp is set to report its fourth-quarter earnings, with Wall Street expecting earnings per share (EPS) of 8 cents and revenues of $1.48 billion. The stock has experienced a 68.12% increase over the past year but is down 17.09% year-to-date [1]. Stock Performance - GameStop's stock is currently trading at $25.381, showing strong bullish momentum as it is above the five-day, 20-day, and 50-day exponential moving averages (EMAs), indicating ongoing buying pressure [2]. - The stock is also above its eight-day simple moving average (SMA) of $24.10 and its 20-day SMA of $23.89, both of which generate bullish signals. Additionally, it is above its 200-day SMA of $25.09, suggesting long-term strength [3]. - However, GameStop's stock is slightly below its 50-day SMA of $25.66, which indicates some resistance at that level [3]. Technical Indicators - The Moving Average Convergence Divergence (MACD) indicator is at a negative 0.34, signaling a potential slowdown in momentum. The Relative Strength Index (RSI) is at 55.23, indicating neutral conditions [4]. - The strong moving average positioning suggests continued upside potential, but the negative MACD warns of possible near-term consolidation or pullback. A decisive break above the 50-day SMA could confirm further gains, while a drop below the 200-day SMA may weaken the current bullish trend [5]. Analyst Ratings - The consensus analyst rating for GameStop stock is currently "Underperform," with a price target of $10. At the time of publication, the stock was trading at $25.75 [6].